EPA Reconsiders Emissions Rules Amid Pushback on EV Policies

The U.S. EPA is initiating changes to the Biden administration's vehicle emissions rules that require more electric vehicles. They are reconsidering 2024 rules and 2022 truck emission standards, which could impact EV production and emissions. NHTSA suggests revised fuel economy standards for vehicles, affecting future emissions and costs.

The U.S. Environmental Protection Agency (EPA) announced its plans on Wednesday to reverse the Biden administration's emissions rules, which mandate an increase in electric vehicle (EV) production by automakers. This effort is part of a larger rollback of policies from the Trump era, aimed at increasing the presence of EVs to at least 50% of new cars by 2030.

The EPA is set to reconsider its 2024 regulations targeting a 50% reduction in tailpipe emissions from passenger vehicles by 2032. These rules predict that 35% to 56% of new vehicles sold between 2030 and 2032 would have to be electric to remain compliant. The proposal has received backing from major car manufacturer Ford Motor.

Additionally, the EPA is reevaluating a 2022 regulation intended to reduce emissions from heavy-duty trucks, citing concerns about increased truck costs. Despite this, the agency has pointed out the significant health benefits of the rule, estimating 2,900 fewer premature deaths annually and $29 billion in net benefits, including reduced school absences.

(With inputs from agencies.)