According to reports, US President Joe Biden (Joe Biden) called for full investment in electric vehicles, renewable energy and power grids as part of the new government’s grand blueprint to boost the US economy while tackling climate change.

On March 31, Biden announced this plan in Pittsburgh. It is part of the US$2.25 trillion infrastructure and economic stimulus blueprint. The plan aims to promote investment in a clean energy economy and encourage development to curb the world. Low-emission technologies required for warming. Biden said: "This is the only investment opportunity for a generation in the United States. It is different from anything we have seen or done before. This is a bold plan, but we can complete it."

Biden asked Congress to allocate funds specifically to provide electric vehicle tax rebates, build charging stations, and promote electric school buses, so that more people will begin to accept electric vehicles. The White House said it will invest approximately US$147 billion to promote electric vehicles.

Biden's blueprint also requires Congress to continue to provide tax incentives to encourage consumers to buy electric vehicles. The current tax relief amount is as high as $7,500. However, it should be noted that Tesla and GM have exceeded the upper limit of 200,000 vehicles per car manufacturer. After this number is exceeded, the concessions that consumers can enjoy will gradually decline.

The White House stated that Biden asked Congress to “provide tax incentives when consumers buy electric cars made in the United States, and at the same time ensure that all households can afford such cars. He also requires these vehicles to be produced by the workers who have excellent skills.

The Alliance for Automotive Innovation, an industry association representing General Motors, Ford, Toyota, Volkswagen and other major automakers, said they are committed to achieving zero emissions in the future, including the transition to electric vehicles. The members of the association also include a number of suppliers and technology companies. They plan to invest 250 billion US dollars in the electrification of vehicles by 2023.

A White House official stated on March 31 that Biden’s plan did not require automakers to phase out gasoline-powered vehicles. Some U.S. lawmakers have called on Biden to follow the example of California, which announced last year that it plans to stop selling new gasoline-powered passenger cars by 2035. Many lawmakers and union officials worry that phasing out gasoline vehicles may significantly reduce employment opportunities in the auto industry.

On March 31, Rory Gamble, chairman of the National Federation of Automobile Workers (UAW), said in a statement: “If we don’t transition to a green economy in the right way, workers will suffer disproportionate losses.” He also said: "The reality is that we have a long way to go in terms of battery technology, charging infrastructure, and market demand in order to successfully achieve the transition to electric vehicles."

Biden currently has not fulfilled a promise he made during the campaign, that is, to increase taxes on the wealthy, and has not raised the maximum marginal tax rate or capital gains tax. A 25-page briefing issued by the White House shows that Biden’s plan will increase the corporate tax rate from 21% to 28% and amend the tax law to close loopholes that allow companies to transfer profits overseas. Biden said that his goal is not to "target" the rich, but to resolve differences and inequality that have been exacerbated by the epidemic.

A senior government official said that the plan will share the cost of the project within 8 years, and its goal is to complete the payment within 15 years without increasing the national debt in the long term. Biden’s initiative will also extend the tax credits that are beneficial to wind, solar and other renewable energy projects for another 10 years, and the plan still needs to be approved by Congress.