Automakers Raise Concerns Over New EV Sales Targets
The Biden administration’s push to reduce auto emissions through increased battery-electric vehicle (BEV) sales is facing criticism from Stellantis and Toyota. Both automakers argue that the proposed targets are overly aggressive and may strain the supply of essential minerals needed for EV batteries. They also express concerns that the plan fails to account for significant obstacles such as the lack of domestic mineral resources, insufficient infrastructure, and the high cost of electric vehicles.
Industry Reaction and Future Implications
The Environmental Protection Agency (EPA) has proposed the strictest tailpipe emission limits to date, aiming for BEVs to comprise 67% of new light-duty vehicle sales and 46% of new medium-duty vehicle sales by 2032. This ambitious goal surpasses earlier targets set by President Biden, who aimed for 50% zero-emission vehicles by 2030. While Tesla supports even stricter requirements to accelerate EV adoption, Stellantis and Toyota caution that the rapid transition could pose risks to manufacturing capacity and consumer acceptance, urging for a more gradual approach.