President Biden wants to champion a low carbon transportation strategy for the transportation industry and flatbed transportation carriers. As outlined the plan would want carriers to transition to electric tractors. This plan will add four hundred billion dollars to the national budget over 10 years to promote this new generation of low carbon trucking. Shipping and aviation technologies will be studied in this federal research initiative. This initiative also includes a proposed three trillion-dollar infrastructure roll-out.
This clean energy program would target the reduction of biofuel costs and the development of more efficient engines that are able to power heavy haul shipping fleets along with planes and ships. The key is to keep the transportation sectors moving while a positive impact on these initiatives is rolled out achieving net zero emissions by 2050. Electric cars and trucks would be part of these transition plans to reduce the newer technologies price range and access to the many charging stations that will be required to pull this off. This all sounds doable, but the US must also hold the rest of the world accountable at the same time, especially India and China!
Biden and Flatbed Transportation Carriers
The restoration of the fully electric vehicle tax credit will be restored giving American families and fleet businesses an alternative and solution to the escalation of carbon fuel pricing when the Trump regulations are reversed. It does seem like we may be shooting ourselves in the foot while we let China and India perform their broken promises ignoring emission controls by exercising the developing countries free pass. The allocation of one billion dollars per year will be earmarked for energy storage and battery developments for increasing the range and slashing the pricing of these electric alternatives. Policies will mandate the promotion of domestic production of these electric vehicles.
Biden has also promised to continue president Trumps current infrastructure plan by spending at least fifty billion dollars in 2021 on infrastructure repairs to existing bridges and roads. The continuation by Biden will be heavily dependent on finding new revenues to fund the Highway Trust Fund. He also plans to work in tandem with American manufacturers to use these investments to fine-tune the distribution supply chains, decreasing shipping and flatbed shipping costs, unloading cargo in American ports vs. Canadian ports, and increasing US exports.
Plans are in place to electrify Amtrak and all major freight railways. This revolution to the railways will reduce pollution, provide investment opportunities, cut down on commute times connecting workers with better job opportunities in metropolitan areas.
The major barrier to these plans will be how Biden will propose it be paid for. Unfortunately, there is likely to be a continuation of this barrier, as experienced by President Trumps two trillion-dollar plan. It all sounds good but energy prices will increase when Trump’s elimination of Obama’s energy regulations are reversed by Biden. The middle class will have less income to pay taxes with as they struggle to fuel vehicles and home heating, etc.