TSLA393.450-31.85%
GM76.0000.48%
F13.350-0.29%
RIVN18.6301.45%
CYD43.390-2.9%
HMC28.0200.76%
TM174.5904.93%
CVNA68.5900.72%
PAG179.4202.34%
LAD306.23015.93%
AN186.4102.08%
GPI288.3901.79%
ABG205.4007.38%
SAH83.7300.68%
TSLA393.450-31.85%
GM76.0000.48%
F13.350-0.29%
RIVN18.6301.45%
CYD43.390-2.9%
HMC28.0200.76%
TM174.5904.93%
CVNA68.5900.72%
PAG179.4202.34%
LAD306.23015.93%
AN186.4102.08%
GPI288.3901.79%
ABG205.4007.38%
SAH83.7300.68%
TSLA393.450-31.85%
GM76.0000.48%
F13.350-0.29%
RIVN18.6301.45%
CYD43.390-2.9%
HMC28.0200.76%
TM174.5904.93%
CVNA68.5900.72%
PAG179.4202.34%
LAD306.23015.93%
AN186.4102.08%
GPI288.3901.79%
ABG205.4007.38%
SAH83.7300.68%

California Air Resources Board releases proposal with ambitious goals

The California Air Resources Board has released its most recent proposal, setting ambitious goals for the coming years. The proposal indicates that 35% of all new vehicle sales would need to be electric by 2026, and every new vehicle sold would need to be electric by 2035. 

New vehicles would have to offer a minimum of 150 miles per charge by 2035 and would also be required to come with an 8-year or 100,000-mile electric battery warranty. Under the proposal, used vehicle sales and gas-powered vehicles would still be allowed in the state. 

Nine states currently follow the existing California rules, which are stricter than federal regulations, and one major obstacle they face is the lack of current charging infrastructure. Last year, California’s Energy Commission allocated over $300 million in spending for the stations, but in order to meet its target of having 250,000 charging stations throughout the state by 2025, over 170,000 new stations will have to be installed. 

While automakers have been investing heavily in the transition to electric vehicles and zero-emissions processes, the Alliance for Automotive Innovation released a statement indicating that “these draft requirements will be extremely challenging even in California and may not be achievable in all the states that currently follow California’s program.” The alliance includes large automakers such as Ford and Toyota. 

The proposal will now be reviewed and may subsequently require approval from the U.S. Environmental Protection Agency.


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