Infrastructure Bill Impacts to the Auto Industry
A key priority in the bill is spending $7.5 billion to build a national network of 500,000 electric vehicle (EV) charging stations.
Creative Commons
The U.S. House of Representatives has passed the largest infrastructure package in decades earmarking $550 billion in infrastructure spending and offering key provisions for the auto industry.
A key priority in the bill is spending $7.5 billion to build a national network of 500,000 electric vehicle (EV) charging stations. The government plans to use the money to build EV chargers along highway cooridors to facilitate long-distance travel and within communities.
The legislation also set key safety deadlines for the U.S. Department of Transportation. The bill imposes deadlines for the DOT to issue rules on automatic shut off for keyless ignition systems, updated headlamp standards, and equipping vehicles with drunken driving and impaired driving prevention technology.
The bill also earmarks $65 billion to upgrade the nation’s electrical grid with new transmission lines and to support “the development, demonstration, and deployment of cutting-edge clean energy technologies,” reported the White House.
The country awaits a vote on the Biden Administration’s $1.75 trillion Build Back Better Act. This legislation includes a tax credit for union-built EVs, which automakers with non-unionized factories say is unfair.
House Majority Leader Steny Hoyer, predicts the legislation will pass before the Nov. 25 Thanksgiving holiday. House moderates reported in a statement that they will allow a vote no later than the week of Nov. 15.
Originally posted on Auto Dealer Today
More Industry
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →