What investors should know about the U.S. easing vehicle emissions rules
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The Biden administration has decided to ease its timeline for all-electric vehicle adoption and give automakers more ways to meet new tailpipe emissions standards. The new Environmental Protection Agency rules aim to cut tailpipe emissions by 49% between model years 2027 and 2032, with a target for EVs to make up at least 35% of new vehicle sales by 2032. The standards are less ambitious than proposed rules released last year. Legacy automakers such as GM, Ford, and Stellantis are expected to benefit from the new regulations. Tesla and environmental groups criticized the standards. The new rules are seen as a win for traditional Detroit automakers and the United Auto Workers union. Stocks for Detroit automakers and U.S. hybrid leader closed higher following the announcement. The new standards could help Biden with key constituencies in the presidential election. The CAFE standards for 2027 to 2032 model-year vehicles are expected to be finalized later this year. The California Air Resources Board can set its own standards for emissions and fuel economy.

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https://www.cnbc.com/2024/03/23/ford-gm-stellantis-to-benefit-from-biden-emissions-rules.html