- Analytics
- News and Tools
- Market News
- US President to push for electric vehicles to make up 40% or more of U.S. auto sales by 2030
US President to push for electric vehicles to make up 40% or more of U.S. auto sales by 2030
CNBC reports that President Joe Biden will set a new national target for the adoption of electric vehicles on Thursday, calling for them to represent 40% to 50% of all new auto sales by 2030, according to senior administration officials.
Though the president will sign an executive order, the sales target is not mandatory. Instead, the document encourages the U.S. auto industry and government to promote legislation and the adoption of electrified vehicles. The target includes zero-emission vehicles powered by fuel cells and batteries as well as plug-in hybrid models with internal combustion engines.
The Biden administration also is expected to announce proposed federal fuel economy and emission standards through the 2026 model-year that build on California’s tougher regulations, the officials said. The proposed standards are subject to a public comment period and final approval.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
