💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

Senate Republicans call for Biden to scrap plans to cut emissions and ramp EV sales

Published 05/25/2023, 01:48 PM
© Reuters Senate Republicans call for Biden to scrap plans to cut emissions and ramp EV sales

A coalition of 27 Senate Republicans spoke out Thursday, calling on the Biden administration to abandon its proposal to significantly reduce vehicle emissions by 2032 and accelerating the adoption of electric vehicle sales.

In a letter led by West Virginia Senator Shelley Moore Capito, lawmakers said the administration plan will "effectively mandate a costly transition to electric cars and trucks in the absence of congressional direction." The Environmental Protection Agency (EPA) proposal issued in April estimates sharp emissions cuts would result in 67% of new light duty vehicle sales as electric by 2032.

The EPA has proposed a substantial 56% reduction in projected emissions from the average light-duty vehicle fleet, surpassing the requirements set for 2026. In addition, the EPA has recommended more stringent emissions standards for medium-duty and heavy-duty trucks that would be effective until 2032.

Environmental groups say the administration should go farther in tightening emissions limits. However, Republicans in congress have protested the push for EV adoption and have sought to cut incentives for the new energy vehicles.

Earlier this week, a group of 151 House Republicans, spearheaded by Cathy McMorris Rodgers, Chair of the Energy and Commerce Committee, demanded that the EPA withdraw its proposed emissions standards for light- and medium-duty vehicles as well as heavy-duty trucks.

Republicans called the rules the "latest attempt to carry out President Biden’s radical rush-to-green agenda, which will take away Americans’ choice when it comes to the kind of vehicle they drive—and arm-twist people into buying vehicles they can’t afford."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.