Biden finalizes truck climate rule
Government officials have asked what percentage of new heavy-duty truck sales are expected to be electric under the rule, noting that the rule covers eight different classes of trucks. He said it was difficult to say exactly. However, the possible scenarios outlined in this rule indicate that light heavy truck sales could decline in 2032. […]
Biden’s EPA finalizes ‘strongest ever’ emission standards for freight trucks, buses
The Biden administration’s Environmental Protection Agency said Friday:Strongest in history Greenhouse gas standards for heavy vehicles, including cargo trucks and buses. Recent press release The agency explained that the new regulations affect vehicles from the 2027 to 2032 model years. “This standard will avoid 1 billion tons of greenhouse gas emissions and provide $13 billion […]
Biden administration finalizes rule expected to require significant shift to EVs
The Biden administration on Wednesday finalized rules that are expected to make a significant portion of the new car market electric or hybrid. According to the rules, 56% of new cars on the market in 2032 could be battery electric vehicles, and a further 13% could be plug-in hybrids. In this scenario, only 29 percent […]
Biden finalizes crackdown on gas cars, forcing more than half of new car sales to be electric by 2030
The Biden administration has finalized a long-awaited proposed environmental regulation that would curb tailpipe emissions from gasoline-powered vehicles as part of a broader effort to reduce greenhouse gas emissions and combat global warming. In a joint announcement Wednesday, the White House and the Environmental Protection Agency (EPA) released the most aggressive combined pollutant emission standards […]
CFPB finalizes rule capping credit card late fees at $8 on average
The CFPB’s new rules close loopholes that allow banks to charge exorbitant late fees. (iStock) The Consumer Financial Protection Bureau (CFPB) is finalizing rules that will limit the amount of late fees consumers can be charged. The rule limits late fees to 25% of the required payment and ends automatic inflation adjustments to these fees, […]
SEC finalizes weakened rule to make companies disclose climate information
The federal government will require some large publicly traded companies to disclose their greenhouse gas emissions under new Securities and Exchange Commission (SEC) rules. The SEC on Wednesday approved a bill that would require large companies to tell investors about greenhouse gas emissions directly attributable to their operations if that information could affect their decision […]