{"id":22191,"date":"2023-06-13T18:24:10","date_gmt":"2023-06-13T22:24:10","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/automaker-group-urges-us-epa-to-ease-up-on-vehicle-emissions-rules\/"},"modified":"2023-06-13T18:24:11","modified_gmt":"2023-06-13T22:24:11","slug":"automaker-group-urges-us-epa-to-ease-up-on-vehicle-emissions-rules","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=22191","title":{"rendered":"Automaker group urges US EPA to &#8216;ease up&#8217; on vehicle emissions rules"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. FILE PHOTO: Vehicles are seen during morning rush hour on highway 101 in East Palo Alto, California December 16, 2015. REUTERS\/Stephen Lam<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By David Shepardson<\/p>\n<p>WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to &#8220;ease up&#8221; on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China.<\/p>\n<p>Alliance for Automotive Innovation CEO John Bozzella said Monday in a blog post the &#8220;EPA should ease up and reassess this rule before it helps cement China\u2019s place in the U.S. auto market.&#8221; He predicted that if the EPA regulations are too tough, China will gain &#8220;a stronger foothold in America\u2019s electric vehicle battery supply chain and eventually our automotive market.&#8221;<\/p>\n<p>The EPA, which declined to comment, proposed in April cutting vehicle emissions by 56% over 2026 levels. EPA estimates would result in 60% of new vehicles by 2030 being electric and 67% by 2032.<\/p>\n<p>The trade group &#8211; which represents General Motors Co (NYSE:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Toyota <\/span><\/span> Motor (NYSE:) Corp, Honda Motor, Volkswagen (ETR:), Hyundai MotorCo Ltd , Ford Motor (NYSE:) Co, Stellantis NV and other major automakers &#8211; warned in May that automakers will struggle to meet those targets because of problems with the supply chain for EV batteries, motors and chargers as well as consumer resistance.<\/p>\n<p>Chinese automakers sell few vehicles in the United States, and only a small number of Chinese-made vehicles are imported by major automakers for sale in the U.S.<\/p>\n<p>Bozzella said Europe offers a warning of what could happen in the United States. &#8220;With a 2035 ban on fossil fuel vehicles looming, Chinese manufacturers gained a foothold and entered the European market at a budget price point,&#8221; he said. &#8220;They achieved a 5% share of Europe&#8217;s EV market in the first nine months of 2022 and are on a steady march to hit 20% by 2025.&#8221;<\/p>\n<p>Last month, Ford CEO Jim Farley said Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale.<\/p>\n<p>&#8220;I think we see the Chinese as the main competitor, not GM or Toyota,&#8221; Farley said. &#8220;The Chinese are going to be the powerhouse.&#8221;<\/p>\n<p>Environmentalists are pressing the Biden administration not to soften the proposal. Some say the EPA should have proposed tougher rules.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/automaker-group-urges-us-epa-to-ease-up-on-vehicle-emissions-rules-3103572\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: Vehicles are seen during morning rush hour on highway 101 in East Palo Alto, California December 16, 2015. REUTERS\/Stephen Lam By David Shepardson WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to &#8220;ease up&#8221; on its aggressive proposal to sharply [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-22191","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Automaker group urges US EPA to &#039;ease up&#039; on vehicle emissions rules | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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