'It is nothing short of a complete transformation of the automotive industrial base and the automotive market.'
"It is nothing short of a complete transformation of the automotive industrial base and the automotive market.""It is nothing short of a complete transformation of the automotive industrial base and the automotive market."President Joe Biden's administration is aiming for as much as 67 percent of new passenger cars sold to be EVs by 2032,— and it'll be imposing some of the strictest car pollution limits in the world on automakers to get there.
"This is a massive undertaking," John Bozzella, president of the Alliance for Automotive Innovation, told the. "It is nothing short of a complete transformation of the automotive industrial base and the automotive market." "Everyone who's watched this movie knows that the market is fickle," Drew Kodjak, executive director of the International Council on Clean Transportation, told the"What if there's a market downturn?" he added. "What if the battery minerals don't pan out? Without these firm standards that have a clear trajectory on timing, none of the players can be sure that this will happen.
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