The China Mail - Biden admin unveils strict auto standards to speed electric shift

USD -
AED 3.67295
AFN 70.122336
ALL 88.355584
AMD 387.711072
ANG 1.80229
AOA 917.00022
ARS 1127.525507
AUD 1.56544
AWG 1.8
AZN 1.696448
BAM 1.761768
BBD 2.015296
BDT 121.265623
BGN 1.764295
BHD 0.37699
BIF 2969.569212
BMD 1
BND 1.304975
BOB 6.92193
BRL 5.676498
BSD 0.998144
BTN 84.785507
BWP 13.625861
BYN 3.26649
BYR 19600
BZD 2.004873
CAD 1.39854
CDF 2872.000316
CHF 0.84359
CLF 0.024413
CLP 936.820031
CNY 7.237296
CNH 7.205585
COP 4236.71
CRC 506.909536
CUC 1
CUP 26.5
CVE 99.325758
CZK 22.492989
DJF 177.742143
DKK 6.716871
DOP 58.708538
DZD 133.746997
EGP 50.479299
ERN 15
ETB 135.086637
EUR 0.900455
FJD 2.269204
FKP 0.751765
GBP 0.75897
GEL 2.745005
GGP 0.751765
GHS 12.92502
GIP 0.751765
GMD 71.497543
GNF 8643.993749
GTQ 7.676855
GYD 208.831253
HKD 7.79164
HNL 25.928378
HRK 6.783297
HTG 130.551502
HUF 365.639865
IDR 16639
ILS 3.54868
IMP 0.751765
INR 84.85405
IQD 1307.496892
IRR 42100.000077
ISK 131.901711
JEP 0.751765
JMD 158.647372
JOD 0.709401
JPY 148.082504
KES 129.150007
KGS 87.449758
KHR 3994.252744
KMF 436.500748
KPW 899.999977
KRW 1419.255016
KWD 0.30739
KYD 0.831723
KZT 510.585013
LAK 21580.135033
LBP 89428.92275
LKR 298.3082
LRD 199.620757
LSL 18.294547
LTL 2.95274
LVL 0.60489
LYD 5.469605
MAD 9.312921
MDL 17.266835
MGA 4486.102541
MKD 55.451157
MMK 2099.691958
MNT 3573.956258
MOP 8.011224
MRU 39.554104
MUR 45.709788
MVR 15.401353
MWK 1730.807344
MXN 19.54048
MYR 4.296973
MZN 63.897181
NAD 18.295948
NGN 1602.847361
NIO 36.726752
NOK 10.440325
NPR 135.656631
NZD 1.702084
OMR 0.384994
PAB 0.998113
PEN 3.646011
PGK 4.142739
PHP 55.72503
PKR 280.971299
PLN 3.817325
PYG 7974.777615
QAR 3.641932
RON 4.593499
RSD 105.588887
RUB 81.037817
RWF 1428.783764
SAR 3.750984
SBD 8.343881
SCR 14.202259
SDG 600.447903
SEK 9.80086
SGD 1.305985
SHP 0.785843
SLE 22.750024
SLL 20969.483762
SOS 570.419617
SRD 36.702504
STD 20697.981008
SVC 8.733172
SYP 13001.862587
SZL 18.292705
THB 33.470568
TJS 10.400007
TMT 3.51
TND 3.037043
TOP 2.342101
TRY 38.772515
TTD 6.775309
TWD 30.397398
TZS 2694.227951
UAH 41.462525
UGX 3652.676002
UYU 41.715647
UZS 12855.309087
VES 92.71499
VND 25971
VUV 121.003465
WST 2.778524
XAF 590.90168
XAG 0.031012
XAU 0.00031
XCD 2.70255
XDR 0.724866
XOF 590.880388
XPF 107.429344
YER 244.449848
ZAR 18.311785
ZMK 9001.193065
ZMW 26.279733
ZWL 321.999592
  • RBGPF

    65.2700

    65.27

    +100%

  • NGG

    0.5100

    70.69

    +0.72%

  • CMSC

    -0.0500

    22.06

    -0.23%

  • RYCEF

    0.0500

    10.55

    +0.47%

  • AZN

    0.2700

    67.57

    +0.4%

  • VOD

    0.0500

    9.3

    +0.54%

  • SCS

    -0.0200

    10.46

    -0.19%

  • BCC

    -0.9600

    88.62

    -1.08%

  • RIO

    0.8000

    59.98

    +1.33%

  • GSK

    -0.2500

    36.62

    -0.68%

  • RELX

    0.3486

    53.85

    +0.65%

  • CMSD

    0.0100

    22.34

    +0.04%

  • BTI

    -1.6600

    41.64

    -3.99%

  • JRI

    0.0300

    12.98

    +0.23%

  • BCE

    0.4800

    22.71

    +2.11%

  • BP

    1.1800

    29.77

    +3.96%

Biden admin unveils strict auto standards to speed electric shift
Biden admin unveils strict auto standards to speed electric shift / Photo: © GETTY IMAGES NORTH AMERICA/AFP

Biden admin unveils strict auto standards to speed electric shift

President Joe Biden's administration announced Wednesday revised pollution standards for cars and trucks meant to accelerate the US auto industry's shift to electric to mitigate climate change.

Text size:

The rules set ambitious emission reductions for 2032 but are moderated somewhat compared with preliminary standards unveiled last April. Following carmaker criticism, the final rules give manufacturers greater flexibility and ease the benchmarks in the first three years.

Those shifts were criticized as a sop to corporations from at least one environmental group, even as the final rule won praise from other leading NGOs focused on climate change.

The final rules -- which were described by administration official as "the strongest ever" and would likely be undone if Republican Donald Trump defeats Biden in November -- still require a nearly 50 percent drop in fleet-wide emissions in 2032 compared with 2026 through increased sales of electric vehicles (EVs) and low-emission autos.

The rules, which dovetail with other key Biden programs to build more EV charging stations and manufacturing facilities and incentivize EV sales, establish the environment as a significant point of difference in the 2024 presidential election.

Trump has mocked climate change as a problem and cast the transition to EVs as a job-killer that will benefit China at the expense of American workers.

Biden argues that US auto builders need to take the lead in the expanding EV market.

"I brought together American automakers. I brought together American autoworkers," said Biden in a statement. "Together, we've made historic progress."

Alluding to his target set three years ago that 50 percent of new vehicles in 2030 would be EVs, Biden predicted we'll meet my goal for 2030 and race forward in the years ahead."

- Industry given more time -

EVs accounted for 7.6 percent in 2023 sales, up from 5.9 percent in 2022, according to Cox Automotive.

The original proposal had envisioned the EV share surging to as much as 67 percent of new vehicle sales by 2032.

Carmakers, which are midway through sweeping, multi-billion-dollar investments to build more EV capacity, criticized the initial standards as overly-stringent. They cited the limited state of charging capacity in the United States that has dampened consumer demand, as well as difficulties in supply of metals and other raw materials for EV batteries.

Following input from the auto industry, organized labor and auto dealerships, Biden administration officials decided to allow manufacturers a "variety of pathways" to reaching the standard, a senior Biden administration official said Tuesday.

This path could include a mix of EVs, conventional but more fuel-efficient engines, and plug-in hybrid vehicles, which have seen a rise in demand of late.

Biden administration officials opted to soften year-to-year emissions improvements in the 2027-2030 period, while maintaining the same target in 2032.

Moderating the targets in these first three years "was the right call," said John Bozzella, president of the Alliance for Automotive Innovation, a Washington lobby representing carmakers.

"These adjusted EV targets -– still a stretch goal –- should give the market and supply chains a chance to catch up," said Bozzella, adding that the extra time will allow more EV charging stations to come on-line.

- Too many 'loopholes'? -

The final standards set a fleet-wide target of 85 grams of carbon dioxide in 2032, down from 170 in 2027, according to an administration fact sheet.

Wednesday's initiative won praise from leading environmental groups including the Sierra Club and NRDC, which said the new rules "take us in the right direction," according to a statement from NRDC chief Manish Bapna.

But Dan Becker, director of the climate transport campaign at the Center for Biological Diversity, slammed the adjusted rules as "significantly weaker."

"The EPA caved to pressure from Big Auto, Big Oil and car dealers and riddled the plan with loopholes big enough to drive a Ford F150 through," Becker said.

"The weaker rule means cars and pickups spew more pollution, oil companies keep socking consumers at the pump, and automakers keep wielding well-practiced delay tactics."

W.Cheng--ThChM