The Car Gossip
President Joe Biden’s executive order signed last week establishes a nonbinding target for zero- emission vehicles – battery-electrics, plug-in hybrids and fuel cells – to make up half of all new passenger vehicles sold in 2030. It also directs the EPA and NHTSA to work on longer-term fuel economy and emissions standards for vehicles produced after the 2026 model year.
Major automakers including the Detroit 3, Toyota Motor North America and Volkswagen Group of America last week announced their support of Biden’s goal of reaching a 50 percent ZEV sales share in 2030, with executives from Ford Motor Co., General Motors, Stellantis and the UAW joining the president as he signed the executive order outside the White House.
The industry’s commitment, however, hinges on efforts from the administration and policymakers to put forth measures that foster greater consumer adoption EVs, including purchase incentives, charging infrastructure, R&D investments and incentives to boost domestic EV manufacturing and supply chains. “The biggest thing that’s happening here is there’s a realization, on the part of both labor and business now, that this is the future. We can’t sit by,” Biden said.
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