Biden’s plan for electric cars is already outdated

As part of its $2 trillion infrastructure package, the Biden administration wants to spend $174 billion on electric vehicle materials, manufacturing and supply chains — and to install 500,000 EV fast-charging stations across the country. Fast chargers are clearly a priority for Democrats in Washington: Earlier this year, the House Energy and Commerce Committee folded big charger subsidies into its Clean Future Act; Ways and Means is devising new tax credits for chargers; and a bipartisan group of Senators recently introduced a bill that would raise tax credits for EV fast chargers from $30,000 to $200,000 per unit. At that price, Biden’s half million chargers would cost $100 billion.