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Friday 6 August 2021
Biden to set target for 50% EVs by 2030; industry backs goal
U.S. President Joe Biden will sign an executive order on Thursday setting a target to make half of all new vehicles sold in 2030 zero-emissions vehicles and propose new vehicle emissions rules to cut pollution through 2026, the White House said.
Biden’s goal, which is not legally binding, won the support of major U.S. and foreign automakers who warned it would require billions of dollars in government funding.
General Motors Co, Ford Motor Co and Chrysler-parent Stellantis NV confirmed in a joint statement that they aspire “to achieve sales of 40-50% of annual U.S. volumes of electric vehicles… by 2030.” Reuters reported the planned automaker announcement on Tuesday.
Read the whole news on financialpost.com