Due to a new EPA Requirement, EV Sales Must Account for 67 Percent of all New Vehicle Sales in the United States by 2032

On Wednesday in Washington, the US Environmental Protection Agency (EPA) is anticipated to release new comprehensive regulations aimed at tripling the US EV market’s sales.

Merely 5.8% of models sold in the United States in 2022 were electric vehicles, but under the new regulation, that number would increase to 54-60% by 2030 and to 67% by 2032. The new suggested guidelines will increase the goal that US President Joe Biden had set of having 50% of sales made up of EVs by 2030.

This will supposedly be accomplished by mandating that automakers adhere to a specific pollution limit for the overall amount of cars they sell annually. Unnamed “those acquainted with the situation” claim that this limit, which is not mentioned in today’s report, is going to be so tight that it will compel automakers to guarantee that by 2032, two thirds of all the vehicles they sell will be all-electric.

New gasoline-powered car sales were formerly prohibited in California after 2035. But that’s only one state, and today’s study claims that even automakers “that chafe at restrictions” say they’d prefer to comply with a single federal set of standards than adhere to Californian (and perhaps other states’) specifications that deviate from the federal criteria. It might be accomplished through the new EPA regulations.

A really significant caution should be noted, though. The EPA will propose a proposal this week, which the public will have the chance to comment on and the government may change before it is finalised. Even if or when it does, it might face legal obstacles, and if it ultimately prevails in every one of them, a subsequent government might erase or weaken it. There is yet time for it to change; the 2024 US presidential election is also expected to raise it as a topic.

Yet, if all goes as planned, this would establish the US as a dominant player in the struggle against greenhouse gases produced by automobiles on a global scale. Whilst Canada and the UK both suggested rules identical to those in the EU, the EU has already adopted standards that are anticipated to transition out the sale of fresh gas-powered automobiles by 2035.

Although there are currently a dearth of charging stations in the US, things might not be entirely smooth sailing. Millions were required, according to a recent S&P Global analysis, but the government’s 2021 infrastructure law has only allocated $7.5 billion to the construction of a network of only approximately 500,000.

Furthermore, the sector will undoubtedly experience a wave of layoffs given that EV construction reportedly requires less than half as many workers as ICE car construction. While highlighting the numerous new employment that would be generated in a “clean energy economy,” Joe Biden has frequently attempted to portray this significant transformation as an economic opportunity. As usual, we’ll simply have to wait to observe what occurs.

EV Sales Must Account for 67 Percent

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