Biden's new green big rig standards could bankrupt small business, 'Shark Tank's' Kevin O'Leary says

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The Environmental Protection Agency released stringent new emissions standards for big-rigs that investor Kevin O'Leary warned could have negative economic reverberations.

The Biden administration's stringent emissions standards for big rig trucks are based on technology that doesn't exist in a broad enough capacity and could cripple the small business economy, 'Shark Tank' investor Kevin O'Leary told Fox News on Monday. 'Mr. Wonderful' told 'The Story' the emissions mandate's timing is impossible to meet right now.

Building on our recently finalized rule for light- and medium-duty vehicles, EPA’s strong and durable vehicle standards respond to the urgency of the climate crisis by making deep cuts in emissions from the transportation sector,' Regan said in a statement. The new rules could lead to half of vocational trucks, and a quarter of long-haul tractor-trailers produced in 2032 being electric-powered.

 

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