From CNBC:

The Biden administration has eased its timeline for all-electric vehicle adoption and set new tailpipe emissions standards. The new 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 Environmental Protection Agency’s new strategy for cutting tailpipe emissions includes more efficient gasoline engines, hybrids, and plug-in hybrid electric vehicles. The percentage targets for EV adoption are expectations of how automakers could meet emissions regulations, with the target range for the share of EV sales in 2032 between 35% and 56%.

The new regulations are seen as a win for legacy automakers, particularly traditional Detroit automakers like General Motors, Ford Motor, and Stellantis. The rules put less pressure on automakers to ramp up EV production in the near term and could reduce further EV capital expenditure and research and development costs.

While the new standards have been welcomed in Detroit, some, like Tesla and green groups, are unhappy with them. Tesla stated that the rule doesn’t go far enough to protect public health and the planet, while environmental groups, such as Sierra Club, praised the standards as a significant action on climate change.

The new rule could have political implications, potentially helping President Biden with some groups in his reelection campaign. Experts suggest that the slight flexibility and delay in the new timeline may be an effort to appease the auto industry unions, which have viewed aggressive electrification efforts as a threat to their jobs in conventional auto manufacturing plants.



Read more at CNBC: Ford, GM, Stellantis to benefit from Biden emissions rules