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ARTICLE · 19 MAY 2021

How President Biden's Infrastructure Plan Could Reshape America's Energy Sector

Seyfarth Shaw LLP
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The energy-related proposals set forth in President Joe Biden's American Jobs Plan ("Plan"), if enacted by Congress, are set to fuel an already dynamic, evolving energy sector.

United StatesGovernment, Public Sector
Alexander Bartko
Alexander Bartko
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The energy-related proposals set forth in President Joe Biden's American Jobs Plan ("Plan"), if enacted by Congress, are set to fuel an already dynamic, evolving energy sector. One needs to look no further than the amounts President Biden hopes to allocate to these proposals—hundreds of billions of dollars—to understand that the passage of a bill resembling Biden's Plan will have immediate and long-lasting effects on America's energy future.

The Biden Administration's "Fact Sheet" provides the President's sweeping energy wish list, the price tag for which tops $300 billion.  This list includes:

  • Investment in electric vehicle ("EV") technology.  The Biden Administration has proposed a $174 billion investment in EV and batteries, rebates and tax incentives to buy electric vehicles, and grants and incentives for local and state governments to build 500,000 EV chargers by 2030. The Plan also calls for electrifying the federal fleet of vehicles, including, for

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