"States Set to Ban Gas Car Sales by 2035: What Investors Need to Know"
Originally Published 1 year ago — by Fox Business
Nine states, including California, plan to ban the sale of new gas-powered vehicles by 2035 as part of efforts to reduce emissions. The regulations, known as Advanced Clean Cars II, have been adopted by eight other states and aim to transition to zero-emission vehicles. Critics argue that the plan overlooks infrastructure and consumer costs, while supporters believe it will drive down prices of zero-emission vehicles and combat climate change. The Biden administration has also proposed increasing vehicle pollution standards to promote electric vehicles, although the industry has faced challenges in this transition.
