Sharjah24 - Reuters: President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made with backing from the biggest U.S. automakers.
The administration also proposed new vehicle emissions standards that would cut pollution through 2026, starting with a 10% stringency increase in the 2023 model year.
The actions are part of Biden's broader plan to fight climate change, in this case by targeting emissions from cars and trucks, while working to make the United States an industry leader as China moves to dominate the electric vehicle market.
"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 told reporters at the White House.
The 50% target, which is not legally binding, won the support of U.S. and foreign automakers, which said that achieving it would require billions of dollars in government funding.
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