Biden Administration’s EV Policies Open New Opportunities

US President Joe Biden announced a multistep strategy to accelerate the country’s transition from combustion engine vehicles to electric vehicles. An executive order signed by the president  has set the goal to reach 50 percent of new vehicle sales to be EVs by 2030. While some governmental policies could violate USMCA commitments, the strategy is opening new opportunities for North America, said industry experts at the International Mexican Automotive Industry Congress (CIIAM), an event organized by INA, in collaboration with Mexico Business.