The $1T US infrastructure bill passes in the Senate 69-30!We now...

The $1T US infrastructure bill passes in the Senate 69-30!
We now have to wait for the House to approve it. Talks in the Senate on the $3.5T Human Infra bill will commence immediately.

• USD $39B for public transit (trains, EV buses all use REOs)
• USD $19B for EVs ($7.5B for EV charging stations)
• USD $110B for raods / bridges (foldable bridges use some REOs for the strong electric motor)
• USD $65B for power infra (transformers, high voltage cabling all use REOs)
• USD $65B for broadband (REOs are used in some applications).

https://www.theguardian.com/us-news/live/2021/aug/10/us-senate-bipartisan-infrastructure-bill-schumer-house-pelosi-joe-biden-us-politics-latest-updates
https://www.nytimes.com/interactive/2021/07/28/upshot/infrastructure-breakdown.html

The IPCC report is damning - they require all countries to take the Paris Agreement seriously and urges everyone to cut 50% by 2030.https://www.theguardian.com/world/2021/aug/10/ipcc-report-shows-possible-loss-of-entire-countries-within-the-century

Biden signs an executive order wanting all EVs sales in 2030 to be 50% FULLY electric (ie not hybrid).

• 2023 a stringent 10% of all EV sales must be fully electric
• 2030 is the deadline for passenger vehicles. 2027 for large vehicles (ie buses, trucks)

https://www.reuters.com/business/autos-transportation/biden-set-target-50-evs-by-2030-industry-backs-goal-2021-08-05/

Talks on the $3.5T Human infra bill will start immediately, with a soft deadline of September 15.

• Tax incentives and grants to encourage adoption of green energy, manufacturing and transportation
• Polluter fees on methane and carbon
• Consumer rebates to encourage clean energy and weatherization in homes
• Funding to increase the number of electric vehicles in the federal fleet

https://www.cnbc.com/2021/08/09/democrats-release-budget-resolution-as-senate-works-on-infrastructure-bill.html