Biden Pushes Automakers to Accelerate Shift to Electric Vehicles

• The Biden administration announced strict new requirements that could reshape the auto industry around electric vehicles within the decade.
• The plan seeks to have electric vehicles account for up to 67% of all new car sales by 2032 and to cut carbon emissions from the transportation sector nearly in half.
• Critics argue that the rules would curb consumer choice and harm the economy, while supporters say they are necessary to address climate change and will create new jobs.
• The auto industry criticized the plans as unfeasible and called for more incentives, infrastructure, and regulatory certainty to enable a faster transition to electric vehicles.
• The EPA will consider feedback on the proposals before issuing final regulations by the end of the year.

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