EPA’s car pollution rules would save Americans trillions of dollars

EPA’s car pollution rules would save Americans trillions of dollars

Yale Climate Connections reports:

Electric vehicle (EV) sales are surging in many countries around the world, including the United States. According to the Department of Energy, EVs accounted for just 1% of new U.S. car sales in 2017. That share surpassed 3% in 2021 and approached 6% in 2022. Though the U.S. remains well below the global average EV share of new car sales, which exceeded 14% in 2022, the American market is catching up fast. According to an analysis of global markets by Bloomberg, a 5% share appears to be a tipping point at which EV sales take off in most countries.

Amid this rapidly rising EV adoption, the Biden administration in an August 2021 executive order tasked the Environmental Protection Agency with extending its vehicle tailpipe pollution regulations for vehicle model years 2027 through at least 2030. The previous EPA rules, revised in late 2021, only applied to model years through 2026. These rules set the average amount of carbon and other air pollutants that the vehicles sold by automakers are allowed to emit in a given sales year.

With EV sales surging, their prices rapidly falling, and their net pollutant emissions being substantially lower than fossil-fueled cars, the EPA saw an opportunity to issue much more stringent vehicle emissions regulations without creating any undue economic burdens associated with car ownership costs. Quite the opposite in fact — in its 758-page proposed rules for vehicle model years 2027—2032, EPA conservatively estimates that climate, health, and vehicle cost savings for Americans will substantially exceed $1 trillion over the next three decades. [Continue reading…]

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