US puts money where mouth is with new emissions targets
It looks like the US EPA is taking a leaf out of the Eurozone’s playbook as it has proposed some of the most ambitious regulations ever to cut US tailpipe emissions. The new regulations are so strict that the EPA suggests that up to 67% of new cars sold by 2032 would have to be emission-free. That’s quite a turnaround for the US, which has so far lagged as an EV market. But it’s a strategy that has worked elsewhere, with the EU being a fine example of how the stick approach can push auto OEMs into line in terms...
Carrot and Stick