The US gas industry supports Biden’s idea of ​​electric vehicles

American automakers and the American Iron and Steel Institute have expressed their support for President Joe Biden’s order of August 5, aimed at eliminating half of all car sales in the domestic market by 2030, as well as developing long-term performance standards and emissions.

Biden signed the order at a White House event attended by automaker and union executives.

American automakers have shown their support for the electrification drive, with the three largest US companies – Ford, General Motors and Stellantis – voluntarily committed on August 5 to achieve 40% to 50% of annual US electric vehicle sales. by 2030

“Our recent product, technology and investment announcements underscore our collective commitment to leading the way in the US’s move to electric vehicles,” Ford, GM and Stellantis said in a joint statement. “This represents a dramatic shift from the US market today that can only be achieved with the timely deployment of the full suite of electrification policies committed by the administration in the Recovery Efficiency Plan, including incentives for purchases, a comprehensive charging network with sufficient density to support millions of vehicles. that represent these goals, R&D investment and incentives to expand electric vehicle manufacturing and supply chains in the United States. ”

The current bipartisan infrastructure bill submitted to the Senate includes a $ 7.5 billion investment to build a national EV charging network, the first national investment in EV charging infrastructure, but less than Biden’s original $ 15 proposal. billion dollars.

In a newsletter, the White House said these measures are being taken on electric vehicles as the US lags behind other nations in the race to produce both electric vehicles and batteries. According to the White House, the current market share for electric vehicles in the United States is one third of that of China.

There are only about 2 million electric vehicles currently on US roads, and only 2% of cars sold in 2020 were fully electric, according to the International Energy Agency.

In addition to calling for more electric vehicle production, the EPA and the National Highway Traffic Safety Administration were also supposed to announce new fuel efficiency and emissions standards based on an agreement between the state of California and five automakers: Ford, Honda, Volkswagen. , BMW and Volvo. Full details of the changes were not yet available on the afternoon of August 5th.

Biden’s executive order also lays out a timetable for developing fuel efficiency and emission standards for various pollutants up to model year 2030 for passenger cars, as well as for medium and heavy vehicles, starting in model year 2027. newsletter.

Labor, steel support, electric car push

United Autoworkers, which said it supports the executive order, said clarity on emissions standards would bring more confidence and better planning for the industry and future employment.

“While the UAW notes that companies have made voluntary commitments to electric vehicles, the UAW is not focusing on tight deadlines or percentages, but on preserving the wages and benefits that have been the heart and soul of the American middle class,” UAW President Ray Curry said in a statement.

The American Iron and Steel Institute said it welcomes the new targets for electric vehicles and emissions announced by the White House.

“This important target, combined with the greenhouse gas vehicle exhaust standards expected to be offered shortly, will provide additional momentum for the transformation of the automotive sector in the United States,” AISI CEO Kevin Dempsey said in a statement. … “The American steel industry remains committed to supporting automakers in these efforts by offering innovative high-strength steels that combine lighter weight with increased strength. It is important to note that these thinner, improved steel grades allow for space optimization, allowing more batteries to be packaged in these vehicles. , which means a longer range without recharging. ”

Albemarle Corp., which makes lithium used to make batteries for electric vehicles, did not expect the White House announcement to have a significant impact on demand for lithium, as it is optional and automakers are already switching production to electric vehicles.

“This is probably about the same

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