iNkwiziTs
2021-04-21
Waiting patiently with lots of conviction on ACTC.
Biden kicks off electric vehicle push with South Caroline plant 'tour'
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He has proposed spending $20 billion to electrify at least 20% of school buses and $25 billion to electrify some transit vehicles as part of his $2.3 trillion infrastructure and jobs plan. In total, Biden has proposed $174 billion boost EVs, including $100 billion in consumer rebates.</p><p> The White House's push to electrify vehicles comes as China has dominated the world electric bus market. But Proterra estimates 50% of all new North American-built buses in 2025 will be electric.</p><p> The U.S. has over 475,000 school buses and 65,000 transit buses and most run on diesel fuel, the White House said. 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He has proposed spending $20 billion to electrify at least 20% of school buses and $25 billion to electrify some transit vehicles as part of his $2.3 trillion infrastructure and jobs plan. In total, Biden has proposed $174 billion boost EVs, including $100 billion in consumer rebates.</p><p> The White House's push to electrify vehicles comes as China has dominated the world electric bus market. But Proterra estimates 50% of all new North American-built buses in 2025 will be electric.</p><p> The U.S. has over 475,000 school buses and 65,000 transit buses and most run on diesel fuel, the White House said. Biden \"made a commitment that all American-made buses would be zero-emission by 2030,\" but it is not clear if he would seek to ban the sale of non-zero emission buses.</p><p> Vice President Kamala Harris on Monday toured a Thomas Built Buses facility in North Carolina to tout the company's electric bus manufacturing. </p><p> Burlingame, California-based Proterra was founded by mechanical engineer Dale Hill in Golden, Colorado, in 2004 and has provided hundreds of public transport buses to U.S. cities since inception.</p><p> The White House has declined to endorsed setting a firm date like California to phaseout gasoline-powered passenger vehicles.</p><p> Proterra in January agreed to go public through a merger with <a href=\"https://laohu8.com/S/ACTC\">ArcLight Clean Transition Corp</a> in a deal valued at $1.6 billion, including debt.</p><p> The company is going public through a merger with a blank-check company or special purpose acquisition company (SPAC). SPACs are shell companies which raise money through an IPO of its shares to take another company public within two years.</p><p> The transaction is expected to close in the first half of 2021.</p><p> (Reporting by David Shepardson Editing by Alistair Bell)</p><p>((David.Shepardson@thomsonreuters.com; 2028988324;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129847972","content_text":"By David Shepardson WASHINGTON, April 20 (Reuters) - President Joe Biden will virtually tour a South Carolina electric bus and battery manufacturing plant on Tuesday as the White House touts his proposal to boost the production of zero-emission buses and cars. Biden will tour a U.S. electric bus manufacturer Proterra facility. He has proposed spending $20 billion to electrify at least 20% of school buses and $25 billion to electrify some transit vehicles as part of his $2.3 trillion infrastructure and jobs plan. In total, Biden has proposed $174 billion boost EVs, including $100 billion in consumer rebates. The White House's push to electrify vehicles comes as China has dominated the world electric bus market. But Proterra estimates 50% of all new North American-built buses in 2025 will be electric. The U.S. has over 475,000 school buses and 65,000 transit buses and most run on diesel fuel, the White House said. Biden \"made a commitment that all American-made buses would be zero-emission by 2030,\" but it is not clear if he would seek to ban the sale of non-zero emission buses. Vice President Kamala Harris on Monday toured a Thomas Built Buses facility in North Carolina to tout the company's electric bus manufacturing. 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