"Biden Administration's Shifting Stance on Electric Vehicle Transition"

The Biden administration is reportedly finalizing gas-powered car tailpipe emissions standards aimed at ensuring 67% of new car sales are electric by 2032, a move criticized by consumer advocates and energy industry groups. The proposed regulations have faced pushback from industry and Republican lawmakers, who argue that the market isn't ready for such a massive increase in EV purchases and that the standards would benefit China and lead to higher prices for Americans. Despite concerns, the White House is said to be doubling down on the goal while considering a slight delay in implementation, following reports of declining EV sales and rising prices.