Over the past few months, President Joe Biden has attempted to get an ambitious infrastructure plan passed through Congress. Improved charging infrastructure is especially important as America shifts to
. This is less than Biden’s $2 trillion plan, but the new plan means the group has reached a deal on the framework of the bill.
What's covered in the infrastructure plan?
The plan will almost certainly change between now and when a version of it becomes law. But at the moment, it includes a trillion dollars worth of infrastructure spending over the next five years.
Approximately $312 billion of the $579 billion in new infrastructure spending is focused on transportation projects. The second part includes around $266 billion for things like water systems, broadband internet, and power grids.
MORE: Where Are the Best Places to Build EV Chargers?
The new framework for the bill doesn’t include Biden’s "human infrastructure" priorities such as childcare, education, and eldercare. The proposed $100 billion for EV subsidies was also removed.
Other options are being discussed to encourage EV adoption. These proposals suggest either raising the tax credit for purchasing a new EV from $7,500 to $12,500 or including used EVs for tax credits. The plan also lacks any funding for the development and regulation of self-driving cars.
Republican Senate leader Mitch McConnell is concerned that the emerging bipartisan bill will add to the national debt. McConnell said that there would be a "hell of a fight" if the bill is moved forward as is, according to
The infrastructure deal has the support of the "Problem Solvers Caucus," a bipartisan group of 56 representatives with an equal amount of Democrats and Republicans. The deal will likely evolve before it becomes law, and party leaders will need to maintain the support of their members for this to happen.
While you wait to see what changes with the infrastructure plan, you can still save money on EVs.
is the easiest and most effective way to find the most affordable car insurance policy that is customized for you.
After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don't have to. You don’t have to overpay to drive a green vehicle.