Automakers face "daunting" government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a U.S. decision to soften the final rules over its initial, tougher proposal, a top industry official said on Wednesday. Under all compliance scenarios, automakers will need to sell at least 50 percent plug-in and EVs by 2030 to meet regulatory targets, according to the Environmental Protection Agency.
China filed a complaint at the World Trade Organization over the U.S.’s Inflation Reduction Act, saying that it was discriminatory and distorted fair competition. Beijing will use the WTO’s dispute-settlement mechanism to challenge electric-vehicle subsidies, China’s Ministry of Commerce said on its website Tuesday.
In March 2024, new car sales are poised to make a big leap. Analysts forecast 1,525,700 units sold, a 12.1 percent increase from the previous year, according to the latest joint forecast from J.D. Power and GlobalData. This surge in sales is matched by an equally strong seasonally adjusted annualized rate (SAAR) of 16.4 million units.
Nissan plans to start selling more than a dozen new electric-vehicle models, aiming to boost total car sales by 1 million units within three years. The Japanese automaker said Monday that it intends to start selling 30 new models, including 16 electrified models, and targets an additional 1 million vehicle sales by the year beginning April 2026.
On Wednesday the Environmental Protection Agency (EPA) announced its final Multi-Pollutant Emissions Standards for Model Years 2027 and Later emissions regulation, which will effectively require as much as 56 percent of new cars and light trucks sold in the U.S. to be all-electric by 2032, with hybrids accounting for an additional 16 percent of sales.
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