California Asks For EPA Approval To Ban Gasoline-Only Vehicles By 2035: Report
Portfolio Pulse from Shivani Kumaresan
California has requested EPA approval for its plan to require all new vehicles sold in the state by 2035 to be electric or hybrid. The plan, approved by CARB in August 2022, could accelerate the end of gasoline-powered vehicles. Several other US states have adopted tighter electric vehicle rules than the Biden administration's proposal.
May 24, 2023 | 1:28 pm
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California's plan to ban gasoline-only vehicles by 2035 could impact Ford as automakers are expected to produce 60% EVs by 2030 and 67% by 2032.
California's plan, if approved, will require automakers to shift their production towards electric and hybrid vehicles. Ford, being a major automaker, will need to adapt to these changes and increase its EV production to meet the demand in California and other states with similar regulations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
General Motors may be affected by California's plan to ban gasoline-only vehicles by 2035, as automakers are expected to produce 60% EVs by 2030 and 67% by 2032.
If California's plan is approved, automakers like General Motors will need to shift their production towards electric and hybrid vehicles. GM will have to adapt to these changes and increase its EV production to meet the demand in California and other states with similar regulations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50