U.S. Scales Back EV Mileage and Emissions Rule Changes to Soften Impact

U.S. Energy Department to finalize revised EV mileage rating rule, softening initial proposal that would have slashed ratings
Final rule will gradually reduce EV fuel economy rating through 2030, total 65% reduction versus 72% originally proposed
Revision considered concerns from automakers and UAW; eases transition for Detroit automakers to meet requirements
EPA to also unveil revised, less stringent vehicle emissions requirements through 2030 to boost EV sales
Rules expected to be a boost for plug-in hybrid vehicles as one compliance path; EPA also scaling back particulate matter reduction proposal