Biden Aims for EVs to Hit Half of New Car Sales by 2030, But Cost and Politics Still Stand in the Way

The Biden administration wants 50% of new car sales to be electric by 2030. Generous rebates make EVs more affordable.

10 states offer EV tax credits or rebates up to $5,000, on top of federal credits up to $7,500. Savings can cut thousands off EV prices.

EV sales are booming, with over 800K sold in 2022. But most popular EVs still cost $10K+ more than gas cars.

Politics drive state EV incentives. CA leads with 25% EV market share, while North Dakota lags at 1.2%.

Over 30 states charge annual fees up to $225 for EVs to fund roads, since EVs don't pay gas tax. Texas has highest fee ratio.