All articles tagged with #emissions regulations
General Motors will incur a $1.6 billion loss in the upcoming quarter due to the reduction of US EV tax incentives and relaxed emissions rules, impacting its EV capacity adjustments and future operations, despite ongoing plans to expand its electric vehicle offerings.
US automakers, having invested $146 billion in electric vehicles, face uncertainty as the incoming Trump administration threatens to dismantle emissions regulations established under Biden. Automakers are lobbying to maintain these rules, fearing that their removal could lead to competitive disadvantages and job losses. The current regulations, which allow a mix of gasoline, hybrid, and electric vehicles, are crucial for the industry's stability. Meanwhile, Elon Musk's stance on eliminating EV tax credits could further disrupt the market, potentially benefiting Tesla at the expense of competitors.
American automakers, including General Motors, Toyota, and Volkswagen, are opposing Donald Trump's proposed cuts to electric vehicle (EV) support, which include slashing tax credits and reducing emissions regulations. These companies have invested heavily in EV technology and fear that Trump's policies could undermine their efforts to promote battery-powered vehicles. The Alliance for Automotive Innovation has urged Trump to maintain key tax credits and reasonable emissions regulations to ensure the continued growth of the EV market in the U.S.
The Biden administration's new emissions regulations for heavy-duty vehicles have sparked outrage among small business truckers, with the Owner-Operator Independent Drivers Association warning that the measures could put many independent drivers out of business. The regulations, announced by the Environmental Protection Agency, aim to make a large number of trucks and buses zero-emissions by 2032, but critics argue that the operational challenges and infrastructure requirements pose significant obstacles. The administration claims the regulations will lead to significant greenhouse gas emissions reductions and societal benefits, but industry representatives are concerned about the practicality and potential impact on livelihoods.
The Biden administration is reportedly planning to ease its strict emissions regulations aimed at accelerating the shift to electric vehicles, in a move seen as a concession to automakers and labor unions. The change would give car manufacturers more time to increase electric vehicle sales, with a significant ramp-up not required until after 2030. This shift comes as President Biden faces pressure to address climate change while also needing support from the auto industry and unionized workers concerned about job losses.
Stellantis, the owner of Jeep, plans to cut thousands of jobs at its plants in Detroit and Toledo, blaming California's emissions regulations for putting the company at a competitive disadvantage. The job losses will be effective as early as February 5. Stellantis has been pushing back against President Biden's efforts to reduce carbon emissions and boost electric vehicles, arguing that strict regulations could result in significant fines. The company has limited shipments of both ICE vehicles and EVs to dealers in the 14 states that have adopted California's emissions rules. Stellantis claims that it is being punished for questioning California's authority to establish its own rules in 2019.
Automaker Stellantis is expecting to lay off up to 1200 employees at the Toledo Assembly Complex in Ohio as it transitions to a two-shift operating pattern to comply with emissions regulations, affecting the production of Jeep Gladiator and Wrangler vehicles. The changes will result in job losses effective as early as February 5, 2024. Stellantis has sent a petition to California officials seeking exceptions to the regulations, and the UAW and local authorities are working to provide assistance to affected workers.
Three-cylinder engines are becoming increasingly common in American cars as automakers downsize and boost fuel economy to meet emissions regulations. Ten different models available in the United States now have three-cylinder engines, including SUVs like the Ford Escape, Chevrolet Trailblazer, and Buick Encore GX. While some may be surprised by the use of three-cylinder engines, improvements in engine technology have made them more powerful and smoother-running. However, this trend may not continue much longer as automakers shift towards electric cars to meet fuel economy targets.