Forced Vehicle Electrification Threatens Carbon Energy Projects and Assets

Executive order is driving new agency rules. By Toby Mack A recent Biden Administration’s Executive Order on electric vehicle adoption declares that “America must lead the world on clean and efficient cars and trucks. That means bolstering our domestic market by setting a goal that 50 percent of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles.” That order and its goals are now the driving force behind new rules being imposed by the two primary responsible regulatory agencies. The Environmental Protection Agency wants to increase tailpipe emissions standards to a degree that cannot be met without manufacturers reallocating a majority of their output from internal combustion engine (ICE) vehicles to electric vehicles (EVs). EPA’s goals are for 70% of all new light-duty vehicles sold by 2032 to be fully electric.