US automakers pledge to sell 40%-50% electric vehicles by 2030, with a catch

Biden is calling for $174 million worth of government spending to support the initiative, while Ford, GM and Stellantis have each committed $30 billion to their global electrification and autonomous vehicle plans. However, the pledge made by the automakers includes plug-in hybrids, which combine short-range, all-electric driving with extended-range driving provided by an internal combustion engine…