Joe Biden and Donald Trump Have Thoughts About Your Next Car
Get ready for the EV election. Doug Mills / The New York Times / Redux March 20, 2024, 6:32 PM ET The Biden administration earlier today issued a major new rule intended to spur the country’s electric-vehicle industry and slash future sales of new gas-powered cars. The rule is not a ban on gas cars, nor does it mandate electric-vehicle sales. It is a new emissions standard, requiring automakers to cut the average carbon emission of their fleets by nearly 50 percent by 2032. It would speed up the transformation of the car industry: The simplest way for automakers to cut emissions will likely be to shift more of their fleets to electric and hybrid models, and the Biden administration estimates that the rule would result in electric vehicles making up as much as half of all new cars sold by 2032. It also gives the country more of a chance of meeting the administration’s goal of cutting U.S. emissions in half by 2030 and eliminating them by 2050. The final rule is a less …