As usual, we'll dip into this week's most fascinating mobility news, but I have to make an announcement first.
This'll be the last newsletter you'll get from me, Ioanna. We've been together for only a month now, so I imagine this won't be too hard a breakup for you.
If you love me already, don't worry, I'm not going anywhere. I'll still be writing for SHIFT, covering everything you need to know about EVs, ebikes, AVs — you get the gist.
So stay with me and keep on reading.
Biden pushes for EVs to reach 50% in nationwide sales by 2030
Yep, the US is tired of lagging behind China and Europe in the EV transition.
The background: When the Biden administration rose to power, the orientation towards cleaner policies became instantly clear.
In April, the American president rejoined the Paris Agreement and set the target of 50% to 52% reduction of greenhouse emissions by 2030.
Special focus was given to bringing down carbon pollution from the transportation sector by cutting tailpipe emissions and boosting electric vehicles.
To do that, the Biden administration will invest $174 billion in the EV market through factory and supply chain funding, job creation, and consumer incentives.
What's happening:During a rather historic meeting at the White House on Thursday, Biden secured the support of major automakers, the United Autoworkers (UAW) union, and other leaders in strengthening American leadership on clean vehicles.
What's the most important outcome? The common goal to achieve, by 2030, 40% to 50% of the total US sales in electric models (battery electric, fuel cell, and plug-in hybrid vehicles).
Among the automakers that committed to Biden's plan were Ford, BWM, GM, Honda, Volvo, Volkswagen, and Stellantis — by the way, Tesla wasn't invited!
The president is also backed by the UAW, the Alliance for Automotive Innovation, the US Climate Alliance, and the Governor of California.
A quick take: All in all it seems that Biden's $2.5 trillion infrastructure plan has sparked the vital change needed in the US mobility sector.
And as automakers are pledging sustainable commitments, we can be hopeful that the US will reduce its transport CO2 footprint, which, in 2019, accounted for almost one third of the country's total emissions.
Xiaomi invests in a second self-driving company within three months
The smartphone business isn't enough for Xiaomi and its's seriously eyeing the mobility industry.
On Monday, the tech company put down a $92 million investment into the self-driving startup Geometrical Partner, which provides Level 2 to Level 4 autonomous driving solutions in hardware and software.
And, folks, that's not the first time Xiaomi's invested in the sector.
In June, the firm also took part in a $190 million series-D round in another self-driving company, called Zongmu.
Given that the Chinese firm has already set plans to release its own EV, are we to expect that these investments foretell a Xiaomi autonomous vehicle?
I don't know about you, but I'd like to see what a Redmi AV would like.
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Even better: SHIFT will get its own track dedicated to mobility tech. Expect speakers from brands like BlaBlaCar, Ford Motor Company, Lucid Motors, and Cabify, and lots of amazing content.
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