"EPA's Revised EV Rules Accelerate Transition to Cleaner Vehicles"

The Biden Administration is retracting a proposed rule that would have required automakers to produce fewer gas-powered vehicles or face significant fines, after meeting with car manufacturers who expressed difficulty in meeting aggressive EV transition goals. The previous plan aimed for 67% of new cars to be electric by 2032, but the new rules now allow for 30-56%. The EPA also announced revised emissions standards for vehicles from 2027 to 2032, requiring emissions reductions in every new car sold and aiming for 56% of new vehicle sales to be all-electric by 2032, with at least 13% being hybrid vehicles.