US automakers pledge to increase electric vehicles sales

News  /   August

Washington, USA

Declaring the US must "move fast" to win the car making future, President Joe Biden touted a commitment from the auto industry to make EVs up to half of U.S. sales by the end of the decade.

Biden wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026. That would mark a significant step toward meeting his pledge to cut emissions and battle climate change as he pushes a history-making shift in the U.S. from internal combustion engines to battery-powered vehicles.

He also urged that the components needed to make that sweeping change - from batteries to semi-conductors - be made in the United States, reflecting a balance to gain both industry and union support for the environmental effort, with the future promise of new jobs and billions in new federal investments in electric vehicles (EVs).

Both the regulatory standards and the automakers' voluntary target were included in an executive order that Biden signed as the gathering of auto industry leaders and lawmakers applauded.

Only 2.2% of new vehicle sales were fully electric vehicles through June, according to Edmunds.com estimates. That is up from 1.4% at the same time last year.

The voluntary deal with automakers defines
as plug-in hybrids, fully electric vehicles and those powered by hydrogen fuel cells. Biden has made the development of a U.S. electric vehicle supply chain a key part of his plan to create more auto industry jobs.

Source: ET Auto.com

Image Source: Google Images

Also Read:

https://www.automotiveproductsfinder.com/news/tvs-motor-company-sees-much-higher-revenue-in-q1-2021-than-q1-2020/134872

https://www.automotiveproductsfinder.com/news/tata-steel-deploys-electric-vehicles-for-transportation-of-finished-steel/134873

 

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