The Biden administration will likely complete regulations this week designed to punish gas-powered vehicles and pave the way for electric vehicles, whose average cost is roughly more than twice as expensive as average subcompact car.
In its proposed rules published in May 2023, the Environmental Protection Agency wrote that it wanted to target vehicles that would phase-in over model years 2027 through 2032, stating, “EPA finds it appropriate to set new standards for model years after 2026 for both criteria pollutants and GHG at this time, rather than continuing its prio …