ashington D.C -President Biden last Thursday signed an Executive Order that sets an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. Th Executive order also kicks off development of long-term fuel efficiency and emissions standards to save consumers money, cut pollution, boost public health, advance environmental justice, and tackle the climate crisis.
In addition, the Environmental Protection Agency and US Department of Transportation announced how they are addressing rollbacks of near-term fuel efficiency and emission standards. Through these coordinated notices of proposed rulemaking, the two agencies are advancing smart fuel efficiency and emissions standards that would deliver around $140 billion in net benefits over the life of the program, save about 200 billion gallons of gasoline, and reduce around two billion metric tons of carbon pollution. For the average consumer, this means net benefits of up to $900 over the life of the vehicle in fuel savings.
American automakers Ford, GM and Stellantis and the United Auto Works (UAW) stood with President Biden at the White House in support of these efforts.