Biden instructed to replace 50% of cars sold in the U.S. with electric cars

Thursday, August 5, U.S. President Joe Biden ordered to replace 50% of cars sold in the U.S. for electric vehicles by 2030. This is stated in the text of the explanatory memorandum to the corresponding decree.

“Although the U.S. pioneered the technology, today it lags behind in the race to create such vehicles and the batteries for them. Today, the U.S. market for electric cars is only one-third of China’s market for electric-powered vehicles,” The New York Times cites the text of the White House’s explanatory memorandum.

It is reported that new standards will be developed to reduce pollution and prevent further climate change on the planet.

In addition, there will also be measures aimed at promoting innovation in the automotive industry, as well as the creation of new high-paying jobs.

It is noted that the new rules will apply to cars as early as 2023. They would reduce about one-third of the carbon dioxide produced annually by the U.S. and prevent the burning of about 200 billion gallons of gasoline over the lifetime of cars.

Biden said it was “time for the U.S. to become a leader when it comes to electric vehicle production, infrastructure and innovation.”

Earlier, on May 19, Joe Biden described electric car production as an “urgent race” with China. He said that “the future of the automobile industry is electric and there is no turning back.

China currently has 80 percent of the world’s production capacity for lithium-ion batteries, which are used in most electric cars. The country has the necessary raw materials for production: lithium, graphite, cobalt and manganese.