Transportation Secretary Pete Buttigieg says EV transportation will bring ‘cost savings’ to Americans
on the road but failed to elaborate on how they could become more affordable at a time when gas prices nationwide were hitting record levels.
Although the cost of electric vehicles has come down in recent years, they still remain out of reach for millions of Americans, with an average price hovering aroundEV's also rely on raw materials like cobalt and lithium for their batteries. A surge in demand for EV's would necessitate greater reliance on countries likeButtigieg's remarks came as gas prices are surging across the U.S.
Another $1.5 billion in grants will be made available under President Biden's infrastructure law for transit energies to purchase lower- or no-emission buses made by U.S. workers and to build bus facilities.