U.S. targets 50% pure electric vehicle market share by 2030 Car News

President Joe Biden will announce a plan to have half of all new vehicles sold in the United States be electric by 2030 and introduce new emissions regulations from 2026, the White House has said.

The plans are not legally binding but will be confirmed when Biden signs an executive order later today. The plans do not include California, which has its own plan to have all new vehicles produce zero emissions by 2035.

The goal was supported by major US and foreign automakers, as well as key figures in the industry. The White House said it hopes to “position America to advance the future of electric vehicles, outperform China, and tackle the climate crisis.”

Electric, hydrogen fuel cell and plug-in hybrid vehicles with ICE elements are included in the 50% target, while other plans call for the development of new emission standards through 2030 for light vehicles , with 2027 in mind for larger vehicles.

In a joint statement, the three largest American automakers – Ford, GM and Stellantis – announced their joint aspiration to “achieve sales of 40 to 50% of annual American volumes of electric vehicles (battery electric, fuel cell and plug-in). hybrid vehicles) by 2030 in order to bring the nation closer to a zero-emission future in line with the Paris climate objectives.

“Our recent announcements of products, technologies and investments underscore our collective commitment to be the leaders in America’s transition to electric vehicles.”

BMW, Ford, Honda, Volkswagen and Volvo also issued a joint statement, stating: “We support the administration’s goal of achieving a future for electric vehicles and applaud President Biden’s leadership in reducing emissions. and investment in critical infrastructure to achieve these reductions. ”

Industry figures hailed the move. “We are at a critical juncture for the auto industry as countries compete to build the vehicles of the future,” said Ray Curry, president of United Auto Workers, one of the largest labor unions in the country.

“We are falling behind China and Europe as manufacturers invest billions in growing their markets and expanding their manufacturing. We need to make investments here in the United States, ”said Curry.

Only 2% of cars sold in the United States were electric in 2020, compared to around 10% in Europe, according to the International Energy Agency. President Biden also called for $ 174 billion (£ 125 billion) in government spending to increase the use of electric vehicles, with $ 100 billion (£ 717 million) in consumer incentives and 7, $ 5 billion (£ 5.3 billion) for electric vehicle charging stations.

READ MORE

Volvo and Northvolt to build a European gigafactory by 2026

Report: Rivian could build electric vehicles in UK