Biden Administration Considers Easing Vehicle Emissions Rules, Delaying EV Mandates
The Biden administration is considering relaxing vehicle emissions rules proposed in 2023 that would require automakers to increase electric vehicle sales to meet emissions targets rapidly. Instead of the previous proposal, the EPA may delay stricter requirements until after 2030, giving automakers more time to transition. One source said the new EPA rule is expected to ultimately reduce similar levels of emissions, just at a more gradual pace with more flexibility early on. Relaxing the rules is seen as a concession to automakers who oppose rapid EV mandates.
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00:00 It's Benzinga and here's what's on the block. The Biden administration is considering relaxing
00:04 vehicle emission rules proposed in 2023 that would require automakers to increase electric
00:09 vehicle sales to meet emission targets rapidly. Instead of the previous proposal, the EPA may
00:14 delay stricter requirements until after 2030, giving automakers more time to transition.
00:19 One source said the new EPA rule is expected to ultimately reduce similar levels of emissions
00:25 just at a more gradual pace with more flexibility early on. Relaxing the rules is seen as
00:29 a concession to automakers who oppose rapid EV mandates. Environmental groups criticized the
00:34 move, arguing automakers are lagging while unions oppose rapid EV shifts due to job impacts. For
00:40 all things money, visit Benzinga.com.