EPA to Finalize Rule Requiring Over Half of New Car Sales Be Electric by 2030

EPA poised to finalize emissions rules this week requiring up to 2/3 of new car sales to be electric by 2032
Rules would first loosen EV requirements between 2027-2030, then ramp up aggressively starting in 2031
Transportation sector accounts for 29% of total US emissions currently
Initial proposal required 66% EV sales by 2032, but likely to be lowered to 54% by 2030 and 68% by 2032
Rules would still deliver 95% of emissions cuts from initial proposal, substantially increasing EV sales from 8% currently