Reuters reported that Trump's transition team plans to target federal regulations introduced by President Joe Biden, aimed at making automobiles more fuel-efficient and incentivizing a shift towards EVs. This move is seen as an attempt to fulfill a Trump campaign promise to "end the EV mandate". The Biden administration regulations would effectively require automakers to shift at least 35% of production to EVs by 2032, and encourage a gradual phase-out of vehicles running on fossil fuels.
Key takeaways:
- The Alliance for Automotive Innovation has raised concerns about vehicle emissions rules, stating that they are out-of-step with current auto market realities and increase costs for consumers.
- Major automakers have urged President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars.
- The Trump transition team plans to target federal regulations that aim to make automobiles more fuel-efficient and incentivize a shift toward EVs.
- The Biden administration regulations would effectively require automakers to shift at least 35% of production to EVs in order to meet 2032 requirements, and encourage a gradual phase-out of the production of vehicles that run on fossil fuels.