A new report from the EPA indicates that the agency may release a set of dramatic new ICE vehicle regulations as soon as next week.
Outside of the EV production ramp taken on by some of the most notable automakers on the planet, national governments worldwide are instituting ever-tightening regulations on gas-powered vehicles that are currently sold. Recently, the European Union released its Euro 7 emissions standards, and now, the U.S. EPA is poised to do the same, according to a new report from the New York Times.
As unearthed by the NYT, the EPA’s newest regulations on ICE vehicles could be some of the most stringent the United States has ever seen. According to anonymous insider sources, the regulation would require up to two-thirds of vehicles sold in the U.S. to be 100% electric by 2032, a significant jump from the current goal of 50%, set by the Biden administration late last year.
Not only would this new regulation be a massive jump in terms of the goals of the Biden Administration, but it would also be a monumental leap regarding the number of EVs on the road. Just last year, only 5.8% of all vehicles sold were electric, meaning this new regulation would be more than an 11-fold increase in market share by 2032.