{"id":6894,"date":"2023-05-10T16:36:32","date_gmt":"2023-05-10T20:36:32","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/automakers-say-proposed-us-emissions-rules-pose-challenges\/"},"modified":"2023-05-10T16:36:33","modified_gmt":"2023-05-10T20:36:33","slug":"automakers-say-proposed-us-emissions-rules-pose-challenges","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6894","title":{"rendered":"Automakers say proposed US emissions rules pose challenges"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. FILE PHOTO: Commuters navigate early morning traffic as they drive towards downtown in Los Angeles, California, U.S., July 22, 2019. REUTERS\/Mike Blake<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By David Shepardson<\/p>\n<p>WASHINGTON (Reuters) &#8211; An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in vehicle emissions may rely on a too rapid transition to electric vehicles (EVs) and pose significant challenges with manufacturing and supply chains. <\/p>\n<p>The U.S. Environmental Protection Agency (EPA) has proposed sharp emissions cuts that it estimates would result in 60% of new vehicles by 2030 being electric and 67% by 2032. <\/p>\n<p>The Alliance for Automotive Innovation, representing General Motors (NYSE:), <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Toyota <\/span><\/span> Motor (NYSE:), Volkswagen AG (OTC:), Hyundai Motor and others, said 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>The EPA proposal, if finalized, represents the most aggressive U.S. vehicle emissions reduction plan to date, requiring 13% annual average pollution cuts and a 56% reduction in projected fleet average emissions over 2026 requirements.<\/p>\n<p>The automaker group warned the proposal could have &#8220;significant impacts to automakers, workers, consumers and ultimately the availability of vehicles that meet the needs of individuals, families and businesses across the country.&#8221;<\/p>\n<p>In August 2021, major automakers agreed to a goal of producing between 40% and 50% EVs or plug-in electric hybrids by 2030. President Joe Biden signed an executive order establishing a 50% goal.<\/p>\n<p>&#8220;In that context, EPA\u2019s proposed greenhouse gas standards for 2027-2032 represents a significant movement of the country\u2019s electrification goal posts \u2013 not by a little, but by a lot,&#8221; the automaker group wrote. <\/p>\n<p>Environmentalists are pressing the Biden administration not to soften the proposal. Some say EPA should have proposed tougher rules.<\/p>\n<p>The automaker group noted EVs represented about 6% of new light-duty vehicles sales in 2022, up from about 3 percent in 2021 and 2 percent in 2020.<\/p>\n<p>&#8220;These proposed rules effectively require an additional 10-fold sales increase in a mere eight years,&#8221; the automaker group wrote. &#8220;EPA is also proposing the most stringent criteria pollutant regulations ever, premised on largely the same levels of zero emission vehicles.&#8221; <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/automakers-say-proposed-us-emissions-rules-pose-challenges-3077579\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: Commuters navigate early morning traffic as they drive towards downtown in Los Angeles, California, U.S., July 22, 2019. REUTERS\/Mike Blake By David Shepardson WASHINGTON (Reuters) &#8211; An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in vehicle emissions may rely on a too rapid transition to electric [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-6894","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>Automakers say proposed US emissions rules pose challenges | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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