Biden administration unveils aggressive plan to cut auto emissions and transition to electric vehicles
- The EPA plans to propose new auto emissions limits this week that could mandate up to 67% of new vehicle sales be electric by 2032.
- The standards aim for at least 50% of new vehicles sold to be zero-emissions by 2030 in line with Biden's climate goals.
- The limits would set annual emissions caps for automakers' fleets to compel a rapid shift to EVs, posing challenges for an industry already pledged to half of sales being electric by 2030.
- Tax credits, infrastructure spending and mining initiatives would support the transition but faces pushback from automakers on feasibility and job losses.
- California emissions rules have spurred over a dozen states to set deadlines for phasing out gas-powered cars between 2030 to 2050.