The Biden administration signed an executive order to electrify 50% of American car sales in 2030.

On August 5, local time, US President Biden signed a new administrative name at the White House

The Biden administration signed an executive order to electrify 50% of American car sales in 2030.

On August 5, local time, US President Biden signed a new administrative name at the White House on behalf of the US government with representatives of Ford, General Motors and Stellantis Group and members of the United Auto Workers' Union, announcing that 40-50% of American car sales will be electrified by 2030.

At the same time, US President Biden also said on social media: "The future of the automobile industry is electric and there is no turning back." Earlier, when the Ford F- 150 Lightning pure electric pickup truck was released, Biden personally stood on the platform, which shows that the new executive order is to rebuild glory for the American automobile manufacturing industry.

At the same time, Biden said that he will increase investment in electric vehicle manufacturing and infrastructure, including the construction of the first electric vehicle charging network in the United States; Provide point-of-sale incentives to promote employment in American manufacturing; To provide funds for the reorganization and expansion of American manufacturing supply chain; Innovate the next generation of clean technology and maintain the competitive advantage.

Biden clearly pointed out in the executive order that key components such as batteries and semiconductors needed to manufacture new energy vehicles must be made in the United States. In this regard, market analysis believes that both traditional American car companies and global suppliers of American car companies that are accelerating the transformation of electrification will benefit.

In addition, interestingly, as one of the largest manufacturers of pure electric vehicles in the United States and even one of the iconic brands to accelerate the arrival of the electrification era, Tesla was not invited by the White House, and Tesla CEO Musk also said through social media: "Yes, it is strange not to invite Tesla."

It should be noted that the electric vehicles here include pure electric, plug-in hybrid and hydrogen fuel cell vehicles. While Biden signed the new executive order, Ford, General Motors and Stellantis Group also expressed their support for the new goal of the US president.

The purpose of this move is to help the United States win the competition with China, Europe and even Japanese automakers before it can fully enter the era of electrification. At the same time, the participation of UAW members makes them have more expectations for high-paying jobs and win more votes for their re-election.

To this end, the US Environmental Protection Agency will further strengthen the formulation of fuel emission standards, which is expected to be 65,438+00% stricter than the 2023 standard previously formulated by the Trump administration, and new models will be upgraded by 5% every year after 2026. At the same time, independent fuel emission standards for heavy trucks will be formulated.