the US must "move fast" to win the car making future, President Joe
Biden touted a commitment from the auto industry to make EVs up to
half of U.S. sales by the end of the decade.
wants automakers to raise gas mileage and cut tailpipe pollution between now
and model year 2026. That would mark a significant step toward meeting his
pledge to cut emissions and battle climate change as he pushes a history-making
shift in the U.S. from internal combustion engines to battery-powered vehicles.
also urged that the components needed to make that sweeping change - from
batteries to semi-conductors - be made in the United States, reflecting a
balance to gain both industry and union support for the environmental effort,
with the future promise of new jobs and billions in new federal investments in
electric vehicles (EVs).
the regulatory standards and the automakers' voluntary target were included in
an executive order that Biden signed as the gathering of auto industry leaders
and lawmakers applauded.
Only 2.2% of new vehicle sales
were fully electric vehicles through June, according to Edmunds.com estimates.
That is up from 1.4% at the same time last year.
The voluntary deal with
automakers defines electric vehicles
as plug-in hybrids, fully electric vehicles and those powered by hydrogen fuel
cells. Biden has made the development of a U.S. electric vehicle supply chain a
key part of his plan to create more auto industry jobs.
Source: ET Auto.com
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