California Will Require All New Vehicles to be Zero-Emission by 2035

It appears that Tesla’s latest move towards vertical integration and increased mass production of its electric vehicles could not have come at a better time. California Governor Gavin Newsom yesterday unveiled that he’s targeting California’s largest source of pollution, introducing a set of new regulations that will ensure all new vehicles sold in the state will be emission-free by 2035.

In a statement issued on Wednesday, Newsom announced that California will require all new passenger vehicles sold in the state to be zero-emission by 2035, in a move to further tighten greenhouse gas regulations in the wake of climate change. The California Air Resources Board, which is the state’s air pollution regulator, will introduce new regulations that will grant automakers the next 15 years to produce electric or zero-emission vehicles to be sold in California. Other vehicles such as heavy-duty trucks will have until 2045 to meet the new stringent regulations.

However, the latest emission changes will not prohibit Californians from owning emission-producing vehicles, or from purchasing them from outside of the state. Nonetheless, given that California already has a track record of setting regulatory examples for the rest of the country, it is very likely that other states will soon follow suit. Given that California is currently home to the biggest EV manufacturer in the country, Tesla’s plans to ramp up production to an eventual 20 million cars per year will coincide proportionately with the new emission regulations.

Nonetheless, although certainly optimistic, a timeline of 15 years for a state to be emission-free in terms of passenger cars will most likely be met with obstacles. Among major American automakers, Ford has thus far made the largest headwind in terms of transitioning into the EV market by introducing a new lineup of electric vehicles. However, the remainder of the auto-manufacturing industry still remains strongly reliant on gas and diesel SUVs and pickup trucks to meet yearly sales goals. Currently, electric vehicles only make up 2% of all new car sales in the country, so California will surely have a long road ahead in order to meet its idealistic emission standards.


Information for this briefing was found via the Office of Governor Gavin Newsom. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Walmart to Pay $7.5M for Illegal Waste Disposal in California

Walmart (NYSE: WMT) has agreed to a $7.5 million settlement with California over allegations of...

Thursday, October 24, 2024, 11:22:00 AM

California Senate Committee Advances Bill to Expand Housing Loans to Undocumented Immigrants

The California Senate Appropriations Committee has moved forward a bill that would expand the state’s...

Saturday, August 24, 2024, 09:34:00 AM

Canadian Grocery Prices Expected to Rise this Fall Due to Climate Change, Covid-19

Food prices at grocery stores across Canada are expected to continue rising in the fall,...

Saturday, September 4, 2021, 04:45:00 PM

Tax Season Love Story: WallStreetBets Romeo Seeks Million-Dollar Marriage of Convenience

A Los Angeles-based Reddit user has taken an unconventional approach to year-end financial planning. The...

Saturday, December 14, 2024, 11:13:00 AM

Newsom, Lawmakers Reach Agreement To Send Californians US$17 Billion in Inflation Relief

California Governor Gavin Newsom, Senate President Pro Tem Toni Atkins, and Assembly Speaker Anthony Rendon...

Tuesday, June 28, 2022, 03:47:00 PM