Biden Delivers Big Bucks to EV Industry (There May Be a Problem)

The US government and automakers appear to be on the same page about transforming the country’s automotive culture from one based on the internal combustion engine to one based on battery-powered electric vehicles.

Both sides seem to understand that such a major shift will require tens of billions of dollars of investment before consumers migrate en masse to EVs.

This week Ford (Well) plans revealed which are asking their nearly 3,000 dealers to invest either $500,000 or $1.2 million to install the upgrades necessary to become “EV-certified.”

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