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Biden plan calls for $100 billion in new EV consumer rebates -email

WASHINGTON, April 7 (Reuters) - The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates and $15 billion to build 500,000 new electric vehicle charging stations, according to a Transportation Department email sent to congressional staff and seen by Reuters.

The new EV rebates, part of a $2.3 trillion infrastructure and jobs proposal, would be a potential big boost to U.S. automakers, especially General Motors and Tesla Inc , which no longer qualify for $7,500 rebates after they sold more than 200,000 zero-emission models.

The plan also calls for $20 billion for electric school buses, $25 billion for zero emission transit vehicles and $14 billion in other tax incentives.

Politico reported the email earlier on Wednesday. (Reporting by David Shepardson Editing by Chris Reese)

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