From WSJopinion: What we are witnessing is the most significant automotive development in our lifetime. The global economy is changing rapidly. What part the U.S. plays in that transition is being decided now, writes FredKrupp.
Main Street: Pete Buttigieg’s definition of infrastructure is not what the American people think it means. Images: Bloomberg/AP/Getty Images Composite: Mark KellySometimes it isn’t what you say but who’ll stand with you when you say it. On Thursday President Biden stood alongside the leaders of the big three U.S.
By forging common ground with business and labor, the administration created a path forward that is more durable, providing certainty to companies and long-term environmental benefits to American families. Ford , General Motors and Chrysler’s parent company all back the president’s approach, and they have pledged to spend $100 billion to make it a reality. Look no further than Ford’s recent introduction of the electric F-150 Lightning—a zero-emitting version of the bestselling U.S. vehicle for the last 40 years—or GM’s plans for an electric Chevy Silverado for evidence of the opportunity auto makers see in the transition to zero-emission vehicles.
Mr. Biden is also sending an unmistakable sign that the U.S. intends to lead in developing zero-emitting vehicles—a signal that will provide the long-term certainty that manufacturers need to plan. That will help unlock the next $100 billion in investments and the jobs those investments will create here in the U.S.
As company after company announces a transition to electric vehicles, it is clear that the global auto industry is moving to zero-emissions vehicles. But it is an open question where the vehicles and their parts will be produced. Europe and China have a head start, but the president’s announcement makes clear that American workers will play a lead role. Democrats and Republicans alike would rather drive cars built in Georgia, Michigan and Texas than Germany or China.
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