Overview

• The Biden administration plans to relax EPA’s proposed emissions limits, extending the timeline for reducing gas-powered cars.
• This move comes as electric vehicle (EV) sales face challenges, including high prices and a lack of charging infrastructure.
• Auto union concerns and the political importance of Michigan in the upcoming election have influenced the policy adjustment.
• Chinese electric vehicle manufacturers, like BYD, pose a competitive threat, potentially impacting U.S. automakers and workers.
• Despite the adjustment, the administration remains committed to its goal of cutting U.S. emissions in half by 2030.