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Economics, not climate, is the main driver behind automakers' embrace of electric vehicles


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Major automakers see vehicles with electric powertrains as a new moneymaker in the United States, market analysts say. It s a strategic shift driven less by climate change and more by a desire to compete economically.
The newfound electric enthusiasm from automakers could help President Joe Biden curb emissions from transportation, the highest-emitting sector in the U.S.
Biden wants to put many more electric cars on the roads, pledging to provide point-of-sale rebates for consumers, investing heavily in building out charging infrastructure, and encouraging domestic manufacturing of the cars and their batteries. His infrastructure proposal would spend at least $174 billion on vehicle electrification. ....

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