Free Trial

Biden To Tout Key Democrat Legislation At Detroit Car Show

WHITE HOUSE

President Biden will talk up three key pieces of Democrat legislation in remarks at a car show today in Detroit, Michigan.

  • The remarks will begin at 13:45 ET 18:45 BST:https://www.youtube.com/watch?v=CIDf-ZM8HjI&featur...
  • According to the White House, Biden will claim that the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act will contribute to an electric vehicle manufacturing boom in the United States.
  • WH: "The Bipartisan Infrastructure Law invests $7.5 billion to build a national network of 500,000 EV chargers... more than $7 billion to ensure domestic manufacturers have the critical minerals and other components necessary to make batteries; and over $10 billion for clean transit and school buses."
  • WH: "The Inflation Reduction Act provides incentives for buyers of new and used EVs, credits to help manufacturers retool existing facilities and build new manufacturing in the United States, and grants to deploy zero emission heavy-duty vehicles."
  • WH: "The CHIPS and Science Act will make critical investments in building domestic capacity for the semiconductors necessary for electric vehicles."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.