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On August 5th, 2021, President Biden signed an executive order which has set into motion many rulemakings and electrification targets. This is expected to have a significant impact on funding of various federal programs for transport decarbonization. Here is a summary:
Note: ZEVs are at ~ 4% market share today, EPA projects 17% share by 2026 due to recent fuel economy regulations. So this is not going to be easy.
Note: CO2 / GHG standards and criteria pollutant standards (e.g. Tier 3) have traditionally been set in separate regulatory steps, hence this is the first time for doing such a combined standard. This will be a very heavy lift especially considering the limited time.
Note: The HD Low NOx standard is called "Cleaner Trucks Initiative" and is expected to align with the recent standards set by California, requiring a 90% reduction in tailpipe NOx emissions from trucks and buses.
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