Automotive market – New rules in the USA – Economy

US President Joe Biden is setting new environmental standards for the auto industry. To this end, he wished to issue an ordinance on Thursday, as announced by the Presidency. In addition, an event with car manufacturers was planned at the White House. Large domestic and foreign industrial groups have already signaled their support for Biden’s plans, but at the same time stressed the need for government investments worth billions. The president wants to achieve that by 2030 at least half of all cars sold will be emission-free. It also establishes new rules aimed at reducing exhaust emissions. Many representatives of Biden’s Democrats had called on him to take more far-reaching measures. They wanted a mandatory requirement for the sale of electric cars or an end date for new gasoline vehicles.

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