Majority Leader Chuck Schumer (D-NY) is ready to tackle the next major challenge: President Joe Biden’s call for a massive infrastructure bill. As part of that package, Schumer said he plans to include his ambitious proposal to get every American to swap their gas-guzzling car for an electric one.
“It’s a bold new plan designed to accelerate America’s transition to all electric vehicles on the road, to developing a charging infrastructure, and to grow American jobs through clean manufacturing,” Schumer told The Verge in a brief interview this week. “And the ultimate goal is to have every car manufactured in America be electric by 2030, and every car on the road be clean by 2040.”
The top-line details of the “cash for clunkers’’-style plan haven’t changed much since Schumer first proposed it in an op-ed in The New York Times in late 2019. But the political landscape has certainly shifted in favor of the Democrats, breathing new life into the idea. Under the proposal, anyone who trades in their gas car for an electric one would get a “substantial” point-of-sale discount, Schumer says. He wouldn’t say how much of a discount, only that it would be “deep.” A spokesperson later confirmed they are eyeing rebates that are “more generous” than the current $7,500 federal EV tax credit.SCHUMER WOULDN’T SAY HOW MUCH OF A DISCOUNT, ONLY THAT IT WOULD BE “DEEP”
He also wants to provide direct incentives to auto manufacturers to phase out their production of internal combustion engine vehicles and tax breaks for property owners to install EV chargers at their homes or apartment buildings. Lastly, he proposes to send direct subsidies to local governments to improve and expand the nation’s network of EV charging stations. Schumer would deploy $45 billion in grants to upgrade the nation’s charging infrastructure and $17 billion to encourage manufacturers to retrofit their facilities for EV production.
There are still details to work out, such as how much of a discount to give each person who trades in a car, and how to structure the plan so the lowest-income earners receive the most cash back. Schumer estimates that the plan will cost $454 billion over 10 years to implement, compared to the $2 trillion Biden has said he would spend on his infrastructure and climate proposal.