Despite pretty much the entire country making it clear that EV mandates are hurting the industry (with major automakers like Ford and GM slashing investment), President Biden is forging forward with his “green agenda” even further.
This go-round, Biden is “preparing to roll out the toughest-ever” emissions restrictions, according to Bloomberg.
The report says that the Environmental Protection Agency is poised to implement emissions limits that (Biden thinks) could significantly boost electric vehicle sales, requiring EVs to constitute about two-thirds of new car and light truck sales by 2032, a sharp increase from less than 10% last year.
Unless, of course, people stop buying new cars.
Regardless, this regulation supposedly aims to cut down on pollution and carbon dioxide emissions, and marks a major action under President Joe Biden’s administration and a step toward meeting the US’s Paris Agreement goal of slashing its greenhouse gas emissions by 2030.
The transportation sector is currently the largest contributor to the US’s climate pollution, Bloomberg writes.
Hellbound and Down 