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Biden to announce $900 million electric vehicle infrastructure overhaul at Detroit auto show
Biden celebrates inflation act as stocks tank
Former White House council of Economic Advisers chair Tomas Philipson and former Dallas fed adviser Danielle Dimartino Booth discusses how stocks took a nosedive while inflation remains high on ‘Fox Business Tonight.’
President Joe Biden will attend an auto show in Detroit, Michigan on Wednesday, where he will tour the newest models in auto-manufacturers electric vehicle portfolios and announce a new infrastructure plan to make driving electric vehicles more accessible.
Biden, a vintage car enthusiast and owner of a 1967 C2 Corvette Stingray, will meet with dozens of automakers at the North American International Auto Show to boast about the Inflation Reduction Act — a recently signed climate and health care law that offers tax incentives for buying electric vehicles.
On Wednesday, he will also announce a $900 million plan to build EV chargers across 53,000 miles of the national highway system, a White House official said. The plan will include construction in 35 states, the official added.
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