Gas car ban by 2035? EPA sets stage for electric-only future
Is this the end of gasoline cars? California wants to ban the sale of new gasoline-powered vehicles by 2035, and the EPA announced Wednesday it would approve two exemptions under the Clean Air Act that would allow the state to do so. Approving the exemption would cripple the auto industry as companies would concentrate their […]
Mercedes-Benz abandons 2030 electric-only target
Luxury car maker Mercedes-Benz is not targeting 2030 to complete its transition to producing only electric cars. After announcing its 2021 targets, the German automaker blamed “market conditions” for poor EV sales and consumer demand not meeting expectations, but almost all major automakers currently have We are witnessing this reality. The company announced that. Investor […]