- Trump administration officials met with regulators in California to discuss potential changes to federal vehicle emissions rules, according to The Wall Street Journal.
- The two sides are expected to keep talking ahead of an April deadline for the EPA to decide whether or not to revise current regulations set for 2022 to 2025, including the average fuel economy rating by manufacturer.
- Automobile manufacturers are expected to keep ambitious EV programs in place either way, although AutoNation (AN +1.7%) CEO Mike Jackson points out that a "nightmare scenario" would exist if California and the federal government adopt difference standards as compliance costs would soar.
- California has been operating under an EPA waiver since the Clean Air Act in 1970 that allows it to set tougher standards. About 40% of the U.S. population falls under the California rules after other regions that follow The Golden State's rules are factored in.
- Related stocks: GM, F, FCAU, TM, OTCPK:NSANY, TSLA, OTCPK:VLKAY.
- Related ETF: CARZ.
- Now read: The Case For Tesla
Original article