What investors should know about the U.S. easing vehicle emissions rules
Publishing timestamp: 2024-03-23 08:00:02
Summary
The Biden administration's new standards for tailpipe emissions are expected to benefit legacy automakers like GM, Ford, and Stellantis. The regulations aim to cut emissions by 49% between 2027 and 2032, with EVs expected to make up at least 35% of new vehicle sales by 2032. While the rules are seen as a win for traditional automakers, Tesla and environmental groups have criticized them. The new standards could help Biden with key constituencies in the upcoming presidential election.
Sentiment: MIXED
Tickers: 7203.T-JP, F, GM, TSLA, STLAM-IT, TM, STLA,
Keywords: u.s. environmental protection agency, toyota motor corp, environment, detroit, pollution, autos, united states, tesla inc, stellantis nv, ford motor co, transportation, business news, general motors co, business, electric vehicles, donald trump, joe biden, breaking news: business,
Source: https://www.cnbc.com/2024/03/23/ford-gm-stellantis-to-benefit-from-biden-emissions-rules.html