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

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 87%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines