While companies have the option to comply using alternative technology, critics argue that the proposed standards, which anticipate up to 70 percent of fleets being emission-free, effectively impose an EV mandate that restricts consumer choice. This plan surpasses President Joe Biden’s previous objective of making half of new passenger cars and light-duty trucks zero-emission vehicles by the end of the decade.
Ford Motor Co. is among the automakers advocating for the EPA to relax the stringency of its requirements between 2027 and 2029, providing a smoother transition to the planned 2032 standards. As it stands, the EPA would enforce comparable reductions in pollution annually. Toyota deems the initially proposed annual stringency increases as “excessive.”
Stellantis criticizes the EPA for having an “overly optimistic expectation for EV market growth” and assuming a flawless transition while underestimating challenges like limited manufacturing capacity and consumer support. According to Stellantis, the EPA’s projected EV adoption rate goes beyond what is supported by current policy actions and exposes the automotive industry to significant risks, regardless of the accuracy of these assumptions.
Toyota finds fault with the EPA for relying on a superficial evaluation of the supply of critical battery minerals, including those from U.S. deposits.
On the contrary, Tesla encourages the EPA to take an even more aggressive approach, considering “the rapid pace of light-duty vehicle electrification.” Tesla argues that since the technology has been convincingly demonstrated, is currently being rapidly implemented, and its competitive costs are decreasing significantly, the agency should aim for a battery electric vehicle penetration rate of at least 69 percent by model year 2032.
Both Toyota and Stellantis have expressed ambitions to accelerate their own EV sales after lagging behind their competitors in vehicle electrification.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.