United States president Joe Biden says:
Soon US will beat China in Electric car making
According to Sputnik News Agency, America’s president Joe Biden said as the US is working on growing and strengthening battery production and ushering home manufacturing that was overseas since the 1990s.
Biden made this statement after Australian electric vehicle charging company Tritium unveiled plans to set up a manufacturing plant in Tennessee (US).
Further, he said
“this plant will ensure that America leads the world in electronic vehicle”.
China has been at the forefront of this race so far, but the scenario will change soon because of America’s reliable, convenient and equitable national public charging networks, therefore it’s easy and quick to charge your EV wherever you live.
This will help US automakers set the pace to lead in the EV world. President’s team is working on installing 500,000 EV charging stations across the US as part of a USD 15 billion plan.
We are seeing the beginning of American manufacturing and this is not hyperbole. This is genuine, the world is going to change in a big way.
Recently, China is facing a market downturn in its car sales even as demand for semiconductors and prices of raw materials have been raising, which impacts fall on the country’s economy and global trade.
The Biden administration is working to add 500,000 charging stations for EVs across the United States under a USD 15 billion plan.
The president said manufacturing was booming again after the 1990s drive to offshore US factories to China that left services to dominate the economy, according to Sputnik.
“We’re seeing the beginning of American manufacturing come back,” he said, adding that “this is not hyperbole. This is real. This is genuine. The world is at an inflection point. Things are going to change in big ways. This is one of those transition moments.”
Recently, China is witnessing a slump in its car sales even as demand for semiconductors and prices of raw materials have been increasing, straining the country’s economic recovery and weighing on global trade. (ANI)
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