Biden’s latest move on auto emissions expected to spark surge in EV sales
On Wednesday, the Biden administration implemented strict tailpipe emission limits to curb pollution from the country’s cars and light trucks. These measures are so stringent that automakers will be compelled to increase sales of electric vehicles and plug-in hybrid models.
Despite some relaxation in the immediate requirements due to resistance from automakers, the Environmental Protection Agency‘s mandates will still necessitate manufacturers to transition swiftly towards zero-emission vehicles.
EPA Administrator Michael Regan proclaimed Wednesday that the rule delivers the “strongest-ever vehicle pollution” standards in US history. He touted the measure inside the Washington, DC, armoury surrounded by electric vehicles. “These technology-neutral and performance-based standards give the auto industry the flexibility to choose the combination of pollution control technologies best suited for their customers.”
Also read: Biden administration proposes significant fuel tax hike for business jet operators
According to EPA projections, in one scenario, automakers could meet the 2032 requirements by increasing the share of battery-electric vehicles in total US sales to 56%, plug-in hybrids to 13%, and conventional combustion-engine cars to 29%.
This aligns closely with previous forecasts suggesting that carmakers could achieve compliance by ensuring approximately two-thirds of their sales were battery-electric models without considering plug-in hybrids. Battery electrics constitute less than 8% of US sales, while plug-in hybrids account for barely 2%.
Automakers have welcomed concessions in the final rule, including the regulation’s broader acceptance of popular plug-in hybrids to reduce pollution.
The measure also extends controversial credits for technologies that enhance fuel efficiency but may not directly impact tailpipe emissions.
EIB Global supports €271 million Egyptian climate and...
-
During the EU-Egypt Investment Conferenc...
- 02/07/2024
Eco-gamers launch online video game to target asset...
-
A team of eco-gamers known as Serious Pe...
- 01/07/2024
EU regulators push for revisions in landmark ESG...
-
Regulators overseeing the markets, banki...
- 19/06/2024
Related News
Iberdrola, a Spanish renewables company, announced that it has acquired the “80% it did not control of Balantia”. Iberdrola had initially entered the firm’s capital […]
Japan’s largest steelmaker, Nippon Steel and trading house, Sumitomo Corp, announced that they have renewed a long-term contract with Norway’s Equinor to supply seamless steel pipes […]
Cepsa announced that it has entered a strategic partnership with PreZero Spain to advance objectives related to decarbonization. According to the agreement, PreZero Spain will […]
In a new critique of the voluntary carbon market, over 80 non-governmental organizations have urged corporations to exclude carbon offsets from their transition plans, arguing […]
Luxcara, an independent German asset manager for clean energy infrastructure projects, announced that it has signed a “preferred turbine supplier”. The asset manager has signed […]
Genex Power announced that it has secured a five-year $107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia. The […]