Biden Administration Targets 50% Electric Vehicle Sales by 2030, but Roadblocks Exist

SUGAR LAND--August 9, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)-- President Joe Biden announced on Thursday an executive order setting a voluntary target for half of all cars sold in the U.S. to be battery-electric, plug-in hybrid or hydrogen fuel cell-powered by 2030. Automakers have pledged to embrace a zero-emissions future and change all or some of their fleets to electric in the coming years, but although they are investing in related projects, there is no guarantee the administration's goal can be reached. Industrial Info is tracking more than $12 billion worth of active electric vehicle projects in the U.S., with a focus on retools and expansions at existing plants.