"Biden Administration's New Auto Rules: Cutting Carbon Emissions and Boosting EVs"
The Biden administration has announced new automobile emissions standards aimed at cutting planet-warming emissions from passenger vehicles, with the EPA's final rule requiring the industry to have 56% of new vehicle sales as electric by 2032. The new standards are expected to avoid over 7 billion tons of carbon emissions over the next three decades and provide significant net benefits. While environmental groups are generally optimistic, some express concerns about loopholes and industry pressure. The car industry welcomes the slower implementation of the standards, and Toyota emphasizes the importance of offering consumers choices of battery electric vehicles and hybrids to reduce carbon emissions quickly.