Biden’s latest EV push starts from low base
President wields executive order to accelerate EV uptake, which remains stuck at around 2pc nationally
Using the power of the executive order and flanked by US automakers, President Biden laid out a broad vision last week of a future car market dominated by electric vehicles (EVs). With a target for EVs to reach 50pc of market share by 2030, the president was further backed up by the Environmental Protection Agency (EPA), which announced it would restart the emissions and efficiency measures rolled back by the Trump administration. The White House asserted this would ultimately curtail about 2bn t of carbon pollution. And there was a pitch to voters too: “For the average consumer, this means net benefits of up to $900 over the life of the vehicle in fuel savings.” “What Europe tells us

Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals