Urgent Appeal for EPA to Reconsider Stringent and Arbitrary Emissions Regulations, According to Automaker Advocate
Advocacy Group's Strong Rebuttal
The leading advocacy group representing car companies has issued a significant call to the Biden administration, urging a reconsideration of proposed emissions rules. The group expresses concerns regarding the ambitious target of 67% electric vehicle sales by 2032.
EPA's Proposal
The Environmental Protection Agency (EPA) unveiled its ambitious proposal in April, which aims to curb greenhouse gas emissions from passenger cars and trucks. Acknowledged as the EPA's most stringent plan to date, the proposed rules have faced criticism from the automotive industry.
The Threat of Market Dominance
In a blog post authored by John Bozzella, CEO of the Alliance for Automotive Innovation, the industry group contends that the EPA's proposed rules could inadvertently provide China with an opportunity to dominate the U.S. auto market. China has long focused on electric vehicles in its industrial policy and currently controls the majority of the supply chains for crucial minerals required for EV batteries.
Supply Chain Challenges
While the Inflation Reduction Act aims to boost investment in domestic and allied supply chains for critical minerals, Bozzella highlights the time required to establish new mines, processing facilities, and refining capabilities. The complexities of building these infrastructure components could impact the industry's ability to meet the proposed emissions targets.