Biden EPA Administrator Announces New Tailpipe Emission Standards – Will Force Green New Deal Mandates on Cars, Delivery Trucks, Buses, Transit and More! (VIDEO) by Cristina Laila Apr. 12, 2023 12:25 pm
Biden EPA Administrator Michael Regan also announces the Biden administration is forcing Green New Deal-style mandates on "vocational vehicles, such as delivery trucks, dump trucks, public utility trucks, transit, school buses, and more." pic.twitter.com/4zM0BJgQmK
The U.S. Environmental Protection Agency on Wednesday proposed new tailpipe emissions limits that could require as much as 67% of all new vehicles sold in the U.S. by 2032 to be all-electric, representing the country’s most aggressive climate regulations to date.
The proposed limits would surpass President Joe Biden’s previous commitment to have EVs make up roughly 50% of cars sold by 2030 and accelerate the country’s clean energy transition. The limits would also substantially reduce climate-changing emissions from the transportation sector, the largest source of U.S. greenhouse gases.
Despite a rise in EV sales in the U.S. in recent years, EV sales accounted for only 5.8% of all the 13.8 million new vehicles sold in the country last year, an increase from 3.1% the year before, according to data from the Kelley Blue Book. The U.S. is the world’s third-largest market for EVs behind China and Europe.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.