Dubai Telegraph - Biden admin unveils strict auto standards to speed electric shift

EUR -
AED 4.209885
AFN 73.365394
ALL 95.800427
AMD 434.810135
ANG 2.052024
AOA 1051.183724
ARS 1598.50641
AUD 1.626713
AWG 2.063391
AZN 1.947207
BAM 1.953378
BBD 2.323185
BDT 141.504531
BGN 1.95943
BHD 0.433007
BIF 3420.030365
BMD 1.146329
BND 1.472863
BOB 7.970021
BRL 6.020654
BSD 1.153501
BTN 106.960496
BWP 15.642741
BYN 3.51583
BYR 22468.039124
BZD 2.319889
CAD 1.57482
CDF 2602.165752
CHF 0.907972
CLF 0.026582
CLP 1049.612476
CNY 7.878773
CNH 7.9149
COP 4250.987392
CRC 538.737696
CUC 1.146329
CUP 30.377706
CVE 110.140913
CZK 24.490508
DJF 205.406504
DKK 7.472199
DOP 69.737212
DZD 152.109771
EGP 59.887707
ERN 17.194928
ETB 180.107514
FJD 2.543471
FKP 0.860518
GBP 0.863971
GEL 3.112258
GGP 0.860518
GHS 12.573834
GIP 0.860518
GMD 84.828354
GNF 10109.448326
GTQ 8.835046
GYD 241.308138
HKD 8.982372
HNL 30.529135
HRK 7.53562
HTG 151.172215
HUF 393.484721
IDR 19465.804713
ILS 3.571696
IMP 0.860518
INR 106.909466
IQD 1510.897797
IRR 1507422.012458
ISK 143.210624
JEP 0.860518
JMD 181.110967
JOD 0.812738
JPY 182.425616
KES 148.540909
KGS 100.246273
KHR 4619.178761
KMF 490.628658
KPW 1031.681894
KRW 1716.839053
KWD 0.351705
KYD 0.961167
KZT 556.431947
LAK 24750.842591
LBP 103308.072843
LKR 359.160429
LRD 211.072202
LSL 19.253652
LTL 3.38481
LVL 0.693402
LYD 7.36035
MAD 10.79374
MDL 20.111097
MGA 4804.006802
MKD 61.678772
MMK 2406.99123
MNT 4110.55331
MOP 9.311709
MRU 46.037948
MUR 53.315552
MVR 17.722448
MWK 2000.12111
MXN 20.429093
MYR 4.509088
MZN 73.24617
NAD 19.253652
NGN 1562.365449
NIO 42.445698
NOK 10.962603
NPR 171.151362
NZD 1.970192
OMR 0.44076
PAB 1.153401
PEN 3.938916
PGK 4.976805
PHP 68.88116
PKR 322.223587
PLN 4.278385
PYG 7455.251146
QAR 4.194175
RON 5.097377
RSD 117.455107
RUB 99.295938
RWF 1683.742604
SAR 4.304888
SBD 9.222488
SCR 15.618637
SDG 688.943139
SEK 10.766085
SGD 1.470602
SHP 0.860043
SLE 28.257533
SLL 24037.948451
SOS 659.211952
SRD 42.843994
STD 23726.686075
STN 24.474455
SVC 10.091982
SYP 126.702276
SZL 19.258983
THB 37.545686
TJS 11.032071
TMT 4.01215
TND 3.394076
TOP 2.760083
TRY 50.805882
TTD 7.818737
TWD 36.621185
TZS 2980.431311
UAH 50.726176
UGX 4339.111483
USD 1.146329
UYU 46.707379
UZS 14065.153958
VES 516.928642
VND 30148.440253
VUV 136.881277
WST 3.132022
XAF 655.273063
XAG 0.016044
XAU 0.000244
XCD 3.09801
XCG 2.078676
XDR 0.814953
XOF 655.275918
XPF 119.331742
YER 273.48536
ZAR 19.420295
ZMK 10318.333563
ZMW 22.556555
ZWL 369.117318
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    -0.2100

    16.6

    -1.27%

  • NGG

    -3.0200

    87.4

    -3.46%

  • RIO

    -2.0800

    87.72

    -2.37%

  • GSK

    -1.3500

    52.06

    -2.59%

  • CMSC

    -0.1200

    22.83

    -0.53%

  • BCE

    -0.2600

    25.75

    -1.01%

  • VOD

    -0.3800

    14.37

    -2.64%

  • CMSD

    0.0100

    22.89

    +0.04%

  • BTI

    -2.4600

    58.09

    -4.23%

  • RELX

    -0.4300

    33.86

    -1.27%

  • BCC

    -1.0800

    71.84

    -1.5%

  • JRI

    -0.1370

    12.323

    -1.11%

  • BP

    0.7600

    44.61

    +1.7%

  • AZN

    -2.8700

    188.42

    -1.52%

Biden admin unveils strict auto standards to speed electric shift
Biden admin unveils strict auto standards to speed electric shift / Photo: JOE RAEDLE - 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."

H.Yousef--DT