FILE PHOTO: An electric vehicle Circutor charger is pictured in a supermarket's parking lot in Teia, north of Barcelona, Spain, October 31, 2023. REUTERS/Albert Gea/File PhotoNEW YORK : Automakers face"daunting" government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a U.S. decision to soften the final rules over its initial, tougher proposal, a top industry official said on Wednesday.
After heavy lobbying by the automakers that called the EPA's initial April 2023 proposal"neither reasonable nor achievable," the 2027-2032 EPA vehicle emissions rules dramatically soften yearly requirements, dropping its U.S. electric vehicle adoption target from 67 per cent by 2032 to as little as 35 per cent."I said, 'You need to slow the pace of the rules.' And they did," Bozzella said.
Hyundai Global Chief Operating Officer Jose Munoz said on Wednesday that the EPA revised standards are"a little bit less demanding but is still challenging." The company is spending $12.6 billion to ramp up EV and battery production.