In an effort to support electric vehicles, the Biden administration is now reportedly considering an ambitious plan to establish the strictest federal restrictions ever limiting exhaust emissions.
Bloomberg reported on Thursday that the Environmental Protection Agency (EPA) is set to unveil the new requirements, which will apply to automobiles made between 2027 and 2032, next week during a ceremony in Detroit, citing officials informed on the idea.
The EPA stated in a statement that the regulations are intended to encourage people to adopt electric vehicles.
President Biden signed an executive order in August 2021 directing the EPA to implement fuel efficiency and emissions requirements in order to address the climate problem.
The idea, which is slated to be submitted next week, comes as the Biden administration continues its strong drive to encourage more Americans to convert to EVs and electrify home appliances in order to prevent global warming.
Biden established a target immediately after assuming office for 50% of all automobiles sold in the United States to be zero-emissions by 2030, and he has visited EV production plants on several occasions.
Despite the tremendous push from Biden and Democratic-led states for Americans to adopt EVs more rapidly, traditional gas-powered automobiles will account for 93% of all new car sales in 2022, according to a recent Alliance for Automotive Innovation research.
EVs are also significantly more costly and inefficient than alternatives.
According to Kelley Blue Book, the average cost of an EV in 2017 was $64,338 whereas the average cost of a small gas-powered car was $26,101.
Moreover, the Department of Energy revealed that the average range of model year 2021 gasoline cars was 403 miles, while model year 2021 EVs had a median range of 234 miles.
Nevertheless, the National Highway Traffic Safety Agency (NHTSA) introduced new fuel economy rules last year, claiming they would increase fuel efficiency but admitting they would cost automakers $236.5 billion and eventually make automobiles $1,000 more costly.
The requirements are alleged to improve fuel efficiency by 8% per year for model years 2024-2025 and 10% per year for model year 2026.
Furthermore, the EPA’s aggressive guidelines are slated to arrive shortly after the Biden administration announced a series of rules on how it would apply the Inflation Reduction Act’s EV tax credit provisions.
Consumers will only be eligible to claim tax credits for EVs that are built with a specified number of vital minerals and components from the United States or countries with whom the United States has a free trade agreement.
However due to the massive amount of electric vehicle components that are produced in China, fewer Americans than originally anticipated may be eligible for the tax break.