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Joe Biden - friend of the environment and the American auto industry.
This is how the US president sells himself at least at one appearance at the car manufacturer Ford. In Michigan, Biden also stood in front of models with internal combustion engines, but above all praised the electric drive as the future of the auto industry.
The Biden administration wants to invest 174 billion dollars in e-mobility.
Joe Biden, US President:
“The real question is whether we will lead the race for the future - or fall behind. Whether we build the cars and their batteries here in the United States, or whether we rely on other countries. And whether the jobs to build these vehicles and batteries are well-paid union jobs with benefits - jobs that will grow the middle class. "
With the billion-dollar subsidy program, Biden wants to boost the research and development of electric vehicles.
This should not only ensure economic growth, but also benefit climate protection.
His speech was mainly about competition - and here Biden has identified the main competitor:
Joe Biden, US President:
“China now produces more than any other country. They use this size to manufacture the batteries not only in China, but also in Germany and Mexico. And they export the electric vehicles all over the world. They have the American market in their sights and they think they are going to win. But I have news for you: you will not win this race! We cannot allow that. "
Biden's announcements had an initial effect: the prospect of government aid to sell more electric cars immediately spurred the shares of American carmakers.
