On Tuesday, the Biden administration revised its final rule regarding electric vehicle mileage ratings, marking a departure from earlier proposals. This shift represents a big win for automakers, as it allows them to adhere to Corporate Average Fuel Economy standards while producing fewer EVs. While the updated regulations still mandate advancements in electrification, they do so at a more gradual pace.
Now, the Biden administration has relaxed that standard to 65 percent. More: Toyota And Stellantis Aren’t Happy About The EPA’s Proposed BEV Sales Targets In practical terms, some estimates suggest that the average automaker's mix of EV to ICE vehicles can now be 50/50 instead of 60/40 in 2030. That's big news for an industry that has long been complaining that it would be too hard and too costly to keep up with federal demands. Analysts believe it would've cost U.S.
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