Biden is successfully striking a balance between giving hybrid vehicles a bigger opportunity and balancing climate goals with industrial capabilities and consumer choice. Although these standards are less stringent than the ones originally proposed, they offer flexibility and acknowledge the challenges automakers face.
In attempting to end the era of gas-powered cars, Biden is willing to burden middle-class consumers and damage the US auto industry by subsidizing EVs for those wealthy enough to afford them. Moreover, there are still unanswered questions about the environmental impact of battery production and electricity generation. This is a bad policy.
These new rules are inadequate to tackle the climate crisis. They're too gradual and there are loopholes that favor automakers. Delaying steep EV sales growth until after 2030 is a mistake amid urgent climate concerns and smells like concessions made to the auto industry and organized labor, which values jobs and profits over protecting the environment.