America is doubling down on support of electric vehicles. This summer’s historic climate bill extends key tax credits for buyers of EVs, putting them in reach for more drivers.
Those credits also require a high percentage of American-sourced materials – which could be a long-term boon to domestic production, but a potential short-term problem for manufacturers with foreign supply chains.
Electric models make up 5% of EV sales in the U.S. and IHS Markit predicts EVs will represent 30% of sales by the end of the decade. With federal support of electric cars ramping up, what is the pathway for making EVs a mainstream choice?
We’re on a late summer break. So for the next couple of weeks, we’re bringing back some of our most popular interviews. This week features a conversation recorded in front of a live audience earlier this year between our co-host, Jason Bordoff, and two top figures in transportation: Jim Farley and Mary Nichols.
Jim Farley is president and chief executive officer of Ford. Mary Nichols is a long-time environmental champion and chair of the California Air Resources Board. She’s now a distinguished visiting fellow at the Center on Global Energy Policy.
Jim and Mary discuss the significant changes taking place in the auto industry given new federal policies promoting electric cars and buses.