Will Tesla be the biggest winner from Joe Biden's $174 billion commitment to support the electric car industry?

In the face of an increasingly polarised America, the Biden administration recently unveiled the "American Jobs Initiative", which aims to spend $2.25tn on infrastructure and other aspects to help the US economic recovery plan.The plan will overhaul roads and Bridges, strengthen broadband construction and increase funding for research and development over the next eight years.
In a statement released by the White House, the "American Jobs Plan" specifically noted that the president was not satisfied with the large gap in the electric vehicle market between China and the United States, and that the plan would allocate $174 billion in incentives to support the electric vehicle industry in the United States.
In the face of an increasingly polarised America, the Biden administration recently unveiled the "American Jobs Initiative", which aims to spend $2.25tn on infrastructure and other aspects to help the US economic recovery plan.The plan will overhaul roads and Bridges, strengthen broadband construction and increase funding for research and development over the next eight years.
In a statement released by the White House, the "American Jobs Plan" specifically noted that the president was not satisfied with the large gap in the electric vehicle market between China and the United States, and that the plan would allocate $174 billion in incentives to support the electric vehicle industry in the United States.
If last year's monthly electric-car sales figures are anything to go by, China and Europe are fiercely competitive, while the U.S. has been sluggish.That puts pressure on the Biden administration, which made electric cars one of its campaign slogans, to make the big investment necessary.
According to statistics, electric vehicle sales in the United States in 2020 will be about 332,000 units, of which Tesla accounts for 79%, that is 235,000 units, has a pivotal position in the American market.
Separately, Mr. Biden's Democratic Party has introduced legislation that would restore a $7,000 tax credit to automakers that had reached the 200,000 threshold and allow them to use it to sell an additional 400,000 electric vehicles.If passed, the tax credit could rise to $10,000.
So as long as either of these incentives and proposals are passed, Tesla and others are in for a big boost.