Automakers and parts suppliers are prepared to spend $250 billion on boosting the use of electric vehicles in the U.S., and called on the Biden administration to urge Congress to extend tax credits to buyers. The funding is intended to spur adoption of alternative-fuel cars like plug-in hybrid vehicles, battery-powered EVs and fuel-cell EVs, the Alliance for Automotive Innovation, United Auto Workers International Union and Motor & Equipment Manufacturers Association said in a letter to President Joe Biden released Tuesday. “We stand ready to work with your administration to define the bold, comprehensive vision and innovation that will place the U.S. at the forefront of creating a cleaner future for motor vehicle transportation,” the groups said in the letter. “This transformation is greater than any one policy, branch or level of government, or industry sector. It will require a sustained holistic approach with a broad range of legislative and […]