Biden sets 50% electric vehicle target for 2030, but bizarrely snubs Tesla

“Specifically, the President will sign an Executive Order that sets an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery-electric, plug-in hybrid electric, or fuel cell electric vehicles,” wrote the White House.

The other odd step taken by the White House was its decision to exclude Tesla from the event, which has spearheaded the transition to electric transport and in June claimed the top two position in the global EV sales ladder, from the proceedings, and is now worth five times more than the combined value of Ford and GM.

With battery making costs falling fast and price parity of EVs with fossil fuels vehicles now in sight within a few years, the White House fact sheet noted that “China is increasingly cornering the global supply chain for electric vehicles and batteries with its fast-growing electric vehicle market.

CNN notes another possible reason: The fact that the United Auto Workers (UAW), which represents the workers of the “big three” US legacy automakers Ford, GM and Stellantis, has been struggling to unionise Tesla’s Fremont workers, and was at the event.

thedriven Biden sets 50% electric vehicle target for 2030, but bizarrely snubs Tesla