According to a Reuters report Thursday, the U.S. Environmental Protection Agency is set as early as next week to propose new rules to spur sweeping cuts in vehicle emissions. The new rules are expected to cover the 2027 through 2032 model years and will push automakers to dramatically expand electric vehicle sales.

Environmental groups and some automakers think the proposal will result in at least 50% of the U.S. vehicle fleet by 2030 being electric or plug-in hybrids -- in line with a goal President Joe Biden outlined in 2021. The administration has not backed calls by California and others ban the sale of new gasoline-only light-duty vehicles by 2035.

By Michael Elkins | [email protected]

General News Hot List

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For: Mar 27April 4, 2023 9:40 AM Ford's quarterly US auto sales jump 10.1% on pent-up demand, easing supplyApril 4, 2023 9:20 AM Form 8-K FORD MOTOR CO For: Apr 04April 4, 2023 9:20 AM Ford Motor (F) US 1Q Sales Increase 10.1% - BloombergApril 4, 2023 9:16 AM MEDIA ADVISORY: Ram, Jeep® and Chrysler Brands Will Have Large Presence at 2023 New York International Auto ShowApril 4, 2023 9:03 AM General Motors Names Labelmaster a 2022 Supplier of the YearApril 4, 2023 9:00 AM Virgin Orbit, AMC Entertainment and Ncino fall premarket; Etsy risesApril 4, 2023 8:14 AM Chrysler Partners With Autism Society of America, Announces Calm Cabin Package to Support Individuals With Autism and Their Loved OnesApril 4, 2023 8:02 AM Tesla (TSLA) reaches 88,869 Chinese deliveries in March April 4, 2023 7:58 AM Morgan Stanley says Tesla (TSLA) 'may require further price cuts' to reach delivery goals April 4, 2023 7:47 AM Bill Gates says calls to pause AI won't 'solve challenges'April 4, 2023 6:35 AM Morgan Stanley on Tesla (TSLA): More price cuts neededApril 4, 2023 6:17 AM Tesla delivers 88,869 China-made EVs in March - CPCAApril 4, 2023 5:31 AM Tesla (TSLA)option implied volatility flat at 62April 4, 2023 4:04 AM Stellantis Strengthens and Streamlines European Financing and Leasing Services with Two New Simplified OrganizationsApril 4, 2023 2:55 AM