EPA’s New Standards will Help the EV Future
The Environmental Protection Agency (EPA) announced new fuel standards in December 2021. This stems from the Biden administration’s attempt to cut down on greenhouse gas emissions. We anticipate these changes will play an important role in the nationwide growth of electric vehicles (EVs).
What Are the New Rules?
The requirements ask for all cars and light trucks of 2023-2036 models to annually lower their greenhouse gas emission rates by 5-10%. If that is the case, then the vehicles must allow for 40 miles per gallon. Manufacturers will need to have a fleet-wide average of 55 miles a gallon by model year 2026.
The EPA declared that these new policy upgrades will diminish greenhouse gas emissions by three billion tons by 2050. A decrease in the gas emissions means less pollution and better public health.
What Needs to Change to Help Conversion?
In 2021, Biden administration declared its new EV plan. The plan pushes for 50% of cars sold in the U.S. to be electric by 2030. It is quite clear that the popularity of electric vehicles is growing. EV sales grew significantly from 2020 to 2021 and we it trending the same in 2022.
We have a lot goals for EV adoption, but need to work on improving some key factors holding the growth back:
- Battery Life: Manufacturers are constantly working on enhancing and updating battery technology, but it’s still not at the level it needs to be for the goals ahead. Recently, the Department of Energy declared a new plan to invest $45 million in the configuration of EV batteries. This is investment plans to help improve the speed and efficiency of EV batteries.
- Charging Base: One of the biggest factors we must improve is EV infrastructure. Biden’s infrastructure bill promised $7.5 billion for electric vehicle charging stations. The main goal is to secure 500,000 public charging stations by 2030.
- Cost: Vehicle manufacturers have their work cut out to make electric vehicles more affordable and more vastly available for the people. Consumers are discouraged about adopting because of the higher cost. With more affordable options we will see a heightened desire to switch over.
If we can focus on improving these limiting factors and the new EPA guidelines, we will see the growth in EV adoption. At Vehya, we are looking at this growth from a 360-degree approach. We do this through our business model by thinking of installation to service and the overall workplace development that will be needed moving forward. EV success and healthier environmental conditions will only come from awareness and support from all divisions supporting these changes.