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☆ Automakers say they need a 'miracle' to meet EV transition timelines. They think Trump could help.
▼ + stars: | 2024-12-06 | by ( Catherine Boudreau | Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementAuto execs see an opportunity to roll back state EV mandates under President-elect Donald Trump. Nissan and Toyota say state rules requiring a rapid uptick in EV sales are unrealistic. Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales. AdvertisementNow the industry is strategizing how to influence Trump, including on EV sales requirements they view as too ambitious. Those federal rules aren't an "EV mandate," as Trump falsely said on the campaign trail.

Persons: Donald Trump, Trump, Papin, That's, EVs, Biden, Dave Kelleher, Karoline Leavitt, John Bozella, Jack Hollins, Paul Jacobson, Jacobson, It's Organizations: Nissan, Toyota, Trump, EV, Environmental Protection Agency, BMW, Ford, Honda, Volkswagen, Biden, EPA, Chrysler, Dodge, Alliance for Automotive Innovation, Natural Resources Defense Council, Street Journal, General Motors, California's EV, it's Locations: China, California, New York, Washington, DC, Washington ,, Michigan, Pennsylvania, It's China, it's Europe

☆ EU announces new green proposals to rival Biden's Inflation Reduction Act
▼ + stars: | 2023-01-17 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

The announcement comes just months after the U.S. launched its own Inflation Reduction Act. "The EU continues to seek similar, non-discriminatory treatment of EU clean vehicle producers under the Clean Vehicle Credits of the Inflation Reduction Act. This scheme remains of concern to the EU, as it contains discriminatory provisions," the European Commission said in a statement in late December. While discussions with the U.S. continue, von der Leyen wants to cut red tape in Europe and step up green investments. But as this will take some time, we will look at a bridging solution to provide fast and targeted support where it is most needed," von der Leyen said in Davos.

DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the two sides can be avoided. "We need to learn," Sanchez told CNBC when asked the Inflation Reduction Act which the U.S. hopes will make it the go-to place for green investment. "We need to reform some internal aspects of our industrial policies such as state aid, reducing bureaucracy and trying to send a message for the industry worldwide that's it's Europe, and of course Spain, that is a good place to locate," he added. The sweeping U.S. legislation, which was approved by U.S. lawmakers in August and includes a record $369 billion in spending on climate and energy policies, has received a mixed response from the 27 EU nations. The European Commission, the executive arm of the EU, has previously said there are "serious concerns" about the design of the financial incentives in the package.

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