HomeInvesting NewsGeneral Motors Company Favors Setting Stringent Emissions Goals For The United States...

General Motors Company Favors Setting Stringent Emissions Goals For The United States For 2030

Published on

General Motors Company (NYSE: GM) stated on Tuesday that it supported the establishment of stricter federal emissions regulations to ensure that at least fifty percent of all new vehicles sold by the year 2030 are emission-free.

General Motors Company Takes on EPA’s Requirements

As the Environmental Protection Agency (EPA) works on developing proposed requirements beginning with the 2027 model year and continuing through at least 2030, the largest automaker in the United States and the Environmental Defense Fund (EDF) has released a series of joint recommendations to encourage the use of electric vehicles.

According to General Motors Company and the Environmental Defense Fund, the newly proposed EPA regulations “should help to ensure that at least 50% of new vehicles delivered by 2030 are zero-emissions vehicles and consistent with eliminating tailpipe pollution from new passenger vehicles by 2035.”

Other environmental organizations have voiced worries regarding the possibility that the California Air Resource Board (CARB) may relax certain emission limits for General Motors Company and other automobile manufacturers in 2019 if they do not participate in a voluntary California emissions accord.

Tuesday, when asked how automakers should comply with standards for the near future, CARB Chair Liane Randolph responded by saying that it was up to the companies to choose “the most effective strategy to figure out how to take as much early action as possible.”

Last week, Steve Cliff, the new executive officer of CARB, stated that he had a meeting with Mary Barra, the chief officer of General Motors Company, in Detroit.

The Environmental Protection Agency (EPA) adopted new light-duty tailpipe emissions limits in December. These requirements will be in effect through the 2026 model year and will reverse the rollback of car pollution cuts that former President Donald Trump instituted.

According to Mr. Barra, “the ultimate goal” of General Motors is to “eliminate tailpipe emissions from new light-duty vehicles by the year 2035.”

Joe Biden, the Vice President, has stated that he wants to see plug-in hybrids and electric vehicles account for fifty percent of all new vehicle sales by 2030. However, he has not endorsed a regulation passed in California last month that will eliminate the sale of new gas-only powered light-duty vehicles by 2035.

In March of 2020, the Republican administration of Donald Trump scaled down the goals that had been set by Barack Obama’s Democratic administration, requiring only 1.5% annual increases in efficiency until 2026. The Obama rule mandated accumulations of 5% each year.


Image: DepositPhotos © Yuyang

Please See Disclaimer



Latest News

Recent Surge in Tesla Stock: Exactly What Caused It?

Tesla Stock (NASDAQ:TSLA) As of 11:30 a.m ET on Friday, Tesla stock was up 2.3%...

Here’s Why Carvana Stock Fell Quite So Much as 23.7% This Week

Carvana Stock (NYSE:CVNA) According to data provided by S&P Global Market Intelligence, Carvana stock fell...

Here’s Why Tellurian Stock Is Rising Again Today

Tellurian Stock (NYSEMKT:TELL) Tellurian stock was up 6.5% as of 11:06 p.m. ET today after...

Is It Time to Buy Chewy Stock?

Chewy Stock (NYSE:CHWY) Pet supplies are one of the few consumer goods that do well,...

More like this

2 Casino Stocks You Should Consider

With a recession on the horizon, investors must be more selective than ever. Analysts...

(Exxon Mobil Stock) Exxon Ceo Warns Biden Administration Against Restricting Fuel Exports

Exxon (Exxon Mobil Stock) opposes calls for oil corporations to reduce international exports and...

Apple Stock Loses $120 Billion Because of a Rare Downgrade

Apple stock just took a significant knock after it was once considered to be...

Meta Stock Tops Morningstar List of the Most Undervalued Stocks 

Morningstar compiled a list of the most undervalued stocks among those with a large...

Hd Stock up as Foundation to Contribute Up to $1 Million to Aid Communities Affected by Hurricane Ian

HD stock was trading at $280.23 as of 12:55 PM EDT. The Home Depot Foundation...

Making the Cut: Micron (Micron Stock)

Micron Technology Inc (Micron Stock) latest outlook brings expectations back to normal, although the...