The Biden administration is weighing an aggressive proposal to implement the strictest federal regulations. Control of tail pipe emissions In an effort to increase electric vehicles.
of Environmental Protection Agency (EPA) At a ceremony in Detroit next week, officials are expected to announce the new standards, which would affect cars made between 2027-2032, Bloomberg reported Thursday. In its statement, the EPA asserted that the standards are designed to encourage consumers to purchase electric vehicles (EV).
“Already, President Biden’s investment in America’s agenda is fueling the growth of domestic clean energy production, lowering costs for American families and creating good-paying union jobs,” the EPA told Fox News Digital.
“As announced by the President’s executive order, EPA is developing new standards that will build on this historic progress and support the future transition to zero-emission transportation, reduce costs for consumers, and protect people and the planet,” the agency’s statement continued. “Because they are currently under interagency review, EPA cannot comment further on the rules.”
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In the year In August 2021, President Biden signed an executive order requiring the EPA to introduce fuel efficiency and emissions standards to “deal with the climate crisis.” Months later, the EPA has finalized greenhouse gas emissions standards for vehicles manufactured between 2023 and 2026, reversing the Trump administration’s rule.
The proposal is expected next week as the Biden administration continues its push for more Americans to switch to EVs and electrify home appliances to fight global warming. Shortly after Biden launched a goal to make half of all cars sold in the U.S. zero-emissions by 2030, he has frequently visited EV manufacturing facilities.
“The future of the auto industry is electric,” Biden said during a visit to Ford’s EV center in Michigan early in his presidency. “There is no going back.”
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Despite intense pressure from Biden and Democratic states Americans will rapidly adopt EVs, which will represent 93 percent of new car sales by 2022, according to a recent report from the Alliance for Automotive Innovation. And EVs remain more expensive and less efficient than alternatives.
Overall, the average price of an AV was $64,338, while the average price of a gas-powered car was $26,101 as of last year, according to Kelly Blue Book. Additionally, the Department of Energy reports that model year 2021 gasoline vehicles have an average range of 403 miles, compared to an average range of 234 miles for 2021 EVs.
Meanwhile, last year, the National Highway Traffic Safety Administration (NHTSA) announced new fuel economy standards that it says will improve fuel economy, but it admits it will cost automakers about $236.5 billion and ultimately make cars $1,000 more expensive. The standards increase fuel consumption by 8% per year for the 2024-2025 model years and 10% per year for the 2026 model year.
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Transportation Secretary Pete Buttigieg As he said at the time, the regulations “protect communities by reducing carbon emissions.” However, critics have dismissed the rule as increasing consumer spending during a period of high inflation.
“NHTSA’s new fuel economy standards will only increase the cost of new cars, depriving people of safe and affordable vehicles, at a time when they are already struggling,” said Rep. Cathy McMorris Rogers, R-Wash., the current chairman. Committee on Energy and Commerce.
“It also imposes heavy fines on producers who find it difficult to keep up with high demand and inventory shortages – this will further increase prices when these ‘fines’ are passed on to consumers.”
Additionally, the EPA’s ambitious standards are coming soon from the Biden administration. He presented a series of rules How to apply the EV tax credit provisions to reduce inflation. Under the provision, consumers can receive tax credits on certain quantities of essential minerals and components for EVs from the US or countries with which the US has free trade agreements.
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However, because the U.S. supply chain currently receives a large share of critical minerals and EV battery components from China and other foreign countries, the rules will ultimately severely limit which EVs qualify for tax credits. According to a Brookings Institution analysis released in July, China currently has 78 percent of the world’s cell production capacity for EV batteries.
A Biden administration official told reporters on a March 31 call that they were unsure how many vehicles would actually qualify for the tax credit under the proposed rules.