The Rising Influence of Rising Affluence

[n4807g]

“EPA estimates that by 2032, if finalized, the proposed rules could result in electrification of 67% of new sedans, crossovers, SUVs, and light trucks; 50% of new vocational vehicles (such as buses and garbage trucks); 35% of new short-haul freight tractors; and 25% of new long-haul freight tractors,” read a White House statement.

“Cars and truck manufacturers have made clear that the future of transportation is electric,” the statement continued. “The market is moving.”

https://www.nationalreview.com/news/biden-unveils-strictest-ever-emissions-standards-in-bid-to-remake-auto-industry/