Biden’s EV charging push boosts established automakers taking on Tesla By Reuters
By Subrat Patnaik and Chavi Mehta (Reuters) - President Joe Biden's plan to spend billions on charging networks in the U.S. could encourage more Americans to buy electric vehicles, giving General Motors (NYSE:GM) and Ford Motor (NYSE:F) much needed fuel in the battle against Tesla Inc. The bipartisan $1.2 trillion infrastructure framework, includes $7.5 billion spending plans to boost EV charging stations. However, details of the plan still need to be finalized and any bill must be passed by both houses of Congress. "It's necessary for the consumers to get better infrastructure to buy EVs and...
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