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Biden

Biden announces non-binding target for EVs by 2030

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The Biden administration is continuing its efforts to facilitate the transition to all-electric vehicles, with Biden proposing a goal for 40% to 50% of vehicles to be either all-electric, hydrogen-powered, or plug-in hybrid by 2030 and also recommending other regulations. The push to have more EVs throughout the U.S. is much less strict than some […]
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American

Biden proposes change in “Buy American” rules to increase US-made...

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The Biden Administration wants more taxpayer spending to go toward American-made products and has issued a proposed rule change to that end. If it’s passed, it will require any government spending to include at least 60% US-made components immediately. The proposal also stipulates future increases to that threshold: 65% by 2024 and 75% by 2029. […]
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infrastructure bill

How could a new infrastructure bill impact EV stocks?

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President Biden has plans to unveil a $2.5 trillion infrastructure proposal this week, which would be one of the largest infrastructure ventures the US has ever seen. Revamping the infrastructure throughout the United States has been one of his top priorities and would include repairs to roads and bridges as well as the expansion of […]
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Biden

Lawmakers pressure Biden Administration for gasoline car phase-out date

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Furthering the current push by many lawmakers to create more eco-friendly vehicles that will reduce and eliminate emissions, two California senators are now pressuring President Joe Biden to “follow California’s lead and set a date by which all new cars and passenger trucks sold be zero-emission vehicles.” This week, California senators Alex Padilla and Dianne […]
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New emissions regulations could change new car sales in the...

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Since entering the Oval Office, President Joe Biden has made it clear that addressing climate control will be a major priority during his administration. In the first few weeks of his term, Biden has signed several executive orders in an effort to transition the US to a clean energy economy. One of his executive actions […]
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Buttigieg

Once a rival, Buttigieg is Biden’s selection for Transportation Secretary

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President-elect Joe Biden has selected Pete Buttigieg as his nominee for transportation secretary when he takes office in January. The move may come as a surprise to some as Biden and Buttigieg faced off as Democratic nominees in the primaries. Biden appears to have put the race in the rearview, giving high praise to the former South […]
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Biden

Auto industry anticipates changes under Biden presidency

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While emerging from the financial crisis in 2008, the Obama administration, which included president-elect Joe Biden, announced its goal to have 1 million electric vehicles (EVs) on U.S. streets by 2015. However, in January 2016, Reuters reported that despite more EV models being manufactured, this goal had not nearly been met and only about 400,000 […]
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Biden

Joe Biden: “Move to the vehicles of the future”

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The automotive industry has thankfully shown signs of recovery throughout the past few months and will hopefully continue to improve despite the ongoing coronavirus pandemic. This week, presidential nominee Joe Biden held a drive-in rally in Toledo, Ohio, and while a large portion of his 25-minute speech consisted of disparaging the current administration, he took […]
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debate

Recap of auto-related mentions in 1st Presidential Debate

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As most people were expecting, the first presidential debate was full of shouting and chaos between President Donald Trump and presidential-hopeful Joe Biden. Much of the debate entailed topics such as the coronavirus pandemic and legal matters, but the auto industry got a few moments in the spotlight when the conversation turned to the economy […]
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automotive

CBT Automotive Newscast: August 25, 2020

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Today’s Featured Interview: Author and Former MLB Player Mike Robbins on Inspiring Your Team to Win The retail automotive industry can sometimes be a rough business, from dealing with sales to management. How are you navigating? How do you keep not only yourself, but also a team energized and engaged? Here to talk about some […]
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