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Blog Is Boosting EV Sales By 2032 With New Regulation Worth It?
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  • Author Author: Catwell
  • Date Created: 17 Apr 2023 6:39 PM Date Created
  • Views 415 views
  • Likes 5 likes
  • Comments 0 comments
  • electric vehicle
  • regulation
  • ae86
  • law
  • ev
  • government
  • cabeatwell
  • innovation
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Is Boosting EV Sales By 2032 With New Regulation Worth It?

Catwell
Catwell
17 Apr 2023

image

(Image Credit: LeeRosario/pixabay)

I say yes. Cheaper EVs is what it’s all about. EVs are fast, fun to drive with less traditional repair requirements.

I would pay anything for that EV version of the AE86, check it out in a past article. It's the best of all worlds.

On April 12th, the Biden Administration introduced a federal vehicle emissions standards proposal to help mitigate the climate crisis and accelerate the shift to a clean vehicle future. These standards aim to help improve air quality in communities across the country, especially for those hit hard by air pollution.

“By proposing the most ambitious pollution standards ever for cars and trucks, we are delivering on the Biden-Harris Administration’s promise to protect people and the planet, securing critical reductions in dangerous air and climate pollution and ensuring significant economic benefits like lower fuel and maintenance costs for families,” said EPA Administrator Michael S. Regan. “These ambitious standards are readily achievable thanks to President Biden’s Investing in America agenda, which is already driving historic progress to build more American-made electric cars and secure America’s global competitiveness.”

Two sets of standards have been introduced by the Environmental Protection Agency, with the first one aimed at light and medium-duty vehicles. Meanwhile, the second one focuses on heavy-duty vehicles. These standards target emissions for vehicles beginning with the 2027 models and could boost EV sales. According to the EPA, electric vehicles could account for 46% of medium-duty vehicle sales and 67% of light-duty vehicle sales by 2032.

By implementing these standards, the administration believes CO2 emissions could be reduced by approximately ten billion tons through 2055 while decreasing oil imports by 20 billion barrels. In addition, it estimates an average consumer could save $12,000 throughout a light-duty vehicle’s life.

“Together, today’s actions will accelerate our ongoing transition to a clean vehicle future, tackle the climate crisis head-on and improve air quality for communities all across the country,” said Regan.

The light and medium-duty proposal range could see up to $1.6 trillion of projected net benefits, while the heavy-duty proposal range could total $320 billion. Combined, these could reach $2 trillion in net benefits. Combined, these could reach $2 trillion in net benefits.

Have a story tip? Message me at: http://twitter.com/Cabe_Atwell

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