Biden recruits CEOs in push to revive social spending plan

Why it matters: The automakers endorse Biden's target of 50% of U.S. car sales coming from zero-emissions models by 2030. However, they also say congressional action is key, even as they tout expanded EV offerings.

What they're saying: "Strengthened consumer incentives will help get more drivers behind the wheels of EVs and help American workers lead the global transition to zero-emissions transportation," Farley said in a statement ahead of the meeting.

Catch up fast: The spending bill, in limbo on Capitol Hill, would greatly boost tax credits for EV buyers, reaching up to $12,500 for union-made models.