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Biden Calls for Over Half of All Cars To Be Electric by 2032
March 20, 2024
The Biden administration has officially rolled out its latest set of rules aimed at cutting greenhouse gas emissions, with a keen focus on transforming the auto industry. These regulations, announced jointly by the White House and the Environmental Protection Agency (EPA), aim to overhaul gas-powered vehicles to pave the way for a surge in electric car adoption.
Under these stringent regulations, automakers will face new requirements to slash emissions from a variety of pollutants emitted by vehicles. The rules will be implemented gradually, starting with the 2027 model-year vehicles. The ultimate goal? To significantly reduce carbon dioxide emissions by a whopping 7.2 billion metric tons by 2032.
These regulations come with a clear message: Electric vehicles (EVs) are the future. Automakers will be pushed to ramp up the production and sales of EVs, hybrids, and fuel cell vehicles. The aim is ambitious — by 2032, 56% of new light-duty car sales should be battery electric, with an additional 13% being hybrids.
President Biden’s target of having 50% of all new car sales electric by 2030 is echoed in these regulations. Despite a scaled-down version of initial proposals, the administration remains committed to this vision, touting it as a step forward in combating climate change.
However, not everyone is cheering. Industry groups and Republican lawmakers are raising concerns about the potential consequences of these regulations. They argue that such mandates restrict consumer choice and could lead to higher costs for vehicles across the board.
Opponents fear that these rules could make gas-powered vehicles prohibitively expensive for many Americans. The average cost of an EV is currently significantly higher than that of a traditional gasoline-powered car, even with subsidies taken into account.
Moreover, Republican lawmakers are not taking these regulations lying down. They vow to challenge and overturn them, arguing that government mandates shouldn’t dictate consumer preferences in the automotive market.
As the debate rages on, one thing is clear: The road to a greener future might be paved with good intentions, but it’s also fraught with challenges and dissenting voices. The true impact of these regulations remains to be seen, but one thing’s for sure — change is coming to a dealership near you.
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