Traditional, EV infrastructure key to 2022 budget
A cornerstone of President Joe Biden’s federal budget will be infrastructure - both traditional and in support of the ongoing vehicle electrification push, he says in a statement from the White House.
“You know, we need to invest in transportation infrastructure. Drive anywhere and you can see why we’re rated 13th in the world in infrastructure,” he says. “The United States of America is viewed to have the 13th-best infrastructure in the world. Come on. This is the United States of America, for God’s sake.”
The president’s budget earmarks $600 million specifically for electric vehicles and charging infrastructure, to support both environmental and job-policy goals, Kallanish understands.
“We want to lead the world in exports of these new technologies instead of ceding the global market and job creation to the Chinese. They’re building 20 times as many electric vehicles as we’re doing now, and the technology that goes with that,” he says. “What are we doing? It’s millions of jobs in China instead of here.”
The total price tag for the fiscal 2022 budget is expected to be north of $6 trillion - the largest in history, and a bone of contention with Congressional Republicans.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
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