Stock Market News

Exclusive-U.S. EPA to consider tougher emissions rules for heavy trucks

2022.09.21 10:09



© Reuters. FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly

By David Shepardson

WASHINGTON (Reuters) – The U.S. Environmental Protection Agency (EPA) will consider adopting more stringent greenhouse gas emissions rules for heavy trucks after Congress passed new incentives to speed the adoption of zero-emission vehicles, the agency told Reuters.

In March, the EPA proposed new rules to cut smog-forming and greenhouse gas (GHG) emissions from heavy duty vehicles. The agency said it will reopen the proposed GHG rules after passage in August of the climate and spending Inflation Reduction Act (IRA).

The Truck & Engine Manufacturers Association, which represent companies like Daimler (OTC:) Trucks, Caterpillar (NYSE:) and Cummins (NYSE:), previously raised concerns the EPA proposal could boost costs and result in customers keeping “their higher emitting trucks longer.”

EPA will be issuing a supplemental notice of proposed rulemaking to consider more stringent GHG standards for model years 2027 through 2029 in December.

EPA Office of Air and Radiation official Joseph Goffman told Reuters “the big change here is the Inflation Reduction Act. Congress definitely sent a very strong message backed by significant resources.”

EPA believes much greater zero emission vehicle adoption rates are possible for 2027 through 2029.

The EPA still plans to finalize the proposed smog-forming truck rules by December.

Non-profit RMI said the IRA’s up to $40,000 Qualified Commercial Clean Vehicle tax credit “will turbocharge adoption of electric medium-duty and heavy-duty trucks.” and will electric trucks cheaper to operate than diesels in most cases.

In March, EPA said the new heavy truck GHG standards when fully phased in would result in up to 24-25% lower CO2 emissions.

EPA in March proposed tighter standards for 17 of the 33 subcategories of vocational and tractor vehicles including school buses, transit buses, commercial delivery trucks, and short-haul tractors.

Transportation is the largest source of U.S. GHG emissions, making up 29% of emissions and heavy-duty vehicles are the second-largest contributor, at 23%, the EPA said.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,107.29 0.20%
ethereum
Ethereum (ETH) $ 3,372.33 1.69%
tether
Tether (USDT) $ 1.00 0.12%
solana
Solana (SOL) $ 252.96 2.27%
bnb
BNB (BNB) $ 660.45 0.12%
xrp
XRP (XRP) $ 1.40 5.01%
dogecoin
Dogecoin (DOGE) $ 0.423772 4.10%
usd-coin
USDC (USDC) $ 1.00 0.11%
cardano
Cardano (ADA) $ 1.02 6.32%
staked-ether
Lido Staked Ether (STETH) $ 3,369.71 1.79%
tron
TRON (TRX) $ 0.208936 3.05%
avalanche-2
Avalanche (AVAX) $ 41.36 2.64%
the-open-network
Toncoin (TON) $ 6.09 5.20%
stellar
Stellar (XLM) $ 0.516832 14.84%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 5.89%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,991.59 1.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,748.19 0.30%
polkadot
Polkadot (DOT) $ 8.70 7.59%
chainlink
Chainlink (LINK) $ 17.80 1.43%
bitcoin-cash
Bitcoin Cash (BCH) $ 511.25 1.85%
weth
WETH (WETH) $ 3,373.59 1.65%
sui
Sui (SUI) $ 3.37 4.70%
near
NEAR Protocol (NEAR) $ 6.97 7.61%
pepe
Pepe (PEPE) $ 0.00002 4.02%
leo-token
LEO Token (LEO) $ 8.61 0.50%
litecoin
Litecoin (LTC) $ 96.65 5.32%
aptos
Aptos (APT) $ 12.27 7.57%
uniswap
Uniswap (UNI) $ 10.90 0.85%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,549.92 1.79%
internet-computer
Internet Computer (ICP) $ 11.33 5.46%
hedera-hashgraph
Hedera (HBAR) $ 0.140576 8.44%
usds
USDS (USDS) $ 1.00 0.12%
crypto-com-chain
Cronos (CRO) $ 0.185676 6.34%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.558734 5.82%
ethereum-classic
Ethereum Classic (ETC) $ 28.50 6.21%
render-token
Render (RENDER) $ 8.04 0.36%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.51 3.05%
bittensor
Bittensor (TAO) $ 528.78 2.34%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
kaspa
Kaspa (KAS) $ 0.151623 2.33%
whitebit
WhiteBIT Coin (WBT) $ 24.47 1.16%
blockstack
Stacks (STX) $ 2.34 9.74%
bonk
Bonk (BONK) $ 0.000046 5.19%
dai
Dai (DAI) $ 1.00 0.12%
arbitrum
Arbitrum (ARB) $ 0.850482 5.21%
vechain
VeChain (VET) $ 0.042605 2.01%
filecoin
Filecoin (FIL) $ 5.61 6.98%
cosmos
Cosmos Hub (ATOM) $ 8.50 9.50%
okb
OKB (OKB) $ 54.94 6.32%
mantra-dao
MANTRA (OM) $ 3.65 2.49%