Thursday, March 21, 2024

Biden deals bloodbath blow to auto industry, EPA finalizes rule requiring 67% of new cars and trucks sold to be electric by 2032

 The administration forged ahead with its plan despite pleas from thousands of car dealerships across the country, warnings from industry leaders and major manufacturers slashing production. Demand in recent years has failed to meet growth expectations. ...

“This rule is delusional,” the senators said. “This is the Biden administration’s attempt to get rid of the internal combustion engine without congressional authority.” Sen. Joe Manchin III, a moderate Democrat from West Virginia, was ready to side with Republicans. He called the rule “reckless and ill-informed.” “The federal government has no authority and no right to mandate what type of car or truck Americans can purchase for their everyday lives,” said Mr. Manchin, who chairs the Senate Energy Committee.

At the current pace of sales growth of all-electric and plug-in hybrid vehicles, the U.S. would take decades to meet the administration’s 2032 goal. ...

The EPA wants 67% of all new light-duty vehicles and up to 32% of medium-duty vehicles to be electric by 2032. That includes a mixture of all-electric, plug-in electric hybrids and battery electric hybrids.

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