“The future of the auto industry is electric,” President Joe Biden said in a voiceover to a video posted on Twitter Wednesday night. Automakers seem to agree with him.
On Thursday, the “Big Three” American carmakers — Ford, General Motors, and Chrysler (now part of the Dutch auto giant Stellantis) — announced a goal of having 40 to 50 percent of their new vehicle sales by 2030 be electric, in line with a new Biden executive order announced the same day. That would represent a giant step forward for the electrification of transport: Current EV sales in the United States have hovered around a paltry 2 to 3 percent of the total car market over the past several years.