South Korea’s Hyundai Kona electric vehicle on display at the 2023 New York International Auto Show
Letter from the US: Biden calls time on petroleum-fuelled vehicles
Rules mandating EV sales will transform the US automotive industry, but there are significant practical and judicial challenges
The Biden administration introduced rules in mid-April mandating that electric vehicles (EVs) comprise 60pc of new US vehicles sold by 2030 and 67pc by 2032. The rules will essentially regulate internal combustion engine vehicles (ICEVs) out of business by being so stringent that car companies will not be able to comply. However, sales will likely fall well short of the administration’s targets, with the EIA forecasting that EVs’ share of US vehicle stocks will increase from 1pc in 2021 to only 9pc in 2050. And the regulation could create a host of problems unless technological progress makes EVs categorically cheaper and more convenient to use than their gasoline equivalents, prompting lawy
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
