• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 9 hours U.S. Presidential Elections Status - Electoral Votes
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Australia sues Neoen for lack of power from its Tesla battery
  • 19 hours Evergrande is going Belly Up.
  • 1 day Europeans and Americans are beginning to see the results of depending on renewables.
  • 15 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 14 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 8 hours Oil Price: does the security vacuum in the Middle East spook investors?
  • 7 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 1 day Ozone layer destruction driving global warming
  • 4 days Forecasts for Natural Gas
Oil Prices Under Pressure From China's Evergrande Crisis

Oil Prices Under Pressure From China's Evergrande Crisis

The potential implosion of China's…

Oil Prices Continue To Climb On Supply Disruptions

Oil Prices Continue To Climb On Supply Disruptions

Continued supply disruptions in the…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030

U.S. President Joe Biden is signing on Thursday an executive order, setting a target to make 50 percent of all new vehicles sold in the United States in 2030 zero-emission vehicles, in a move supported by Detroit’s Big Three.

“The future of the auto industry is electric — and made in America. Today I’m signing an executive order with a goal to make 50% of new vehicles sold by 2030 zero-emission — and unveiling steps to reverse the previous administration’s short-sighted rollback of vehicle standards,” President Biden tweeted on Thursday.  

The executive order will include battery electric, plug-in hybrid electric, or fuel cell electric vehicles, the White House said in a statement.

The zero-emission vehicle target is broadly aligned with the targets of the major U.S. automakers, but also a continued resistance from the Administration to calls from Democrats to set a date for phasing out new sales of gasoline cars.

Although President Biden has repeatedly said that the U.S. must lead in EV technology and sales and ordered a review on the Trump Administration’s fuel economy standards, the Biden Administration has neither set nor pledged to set a date for phasing out new gasoline car sales.

The U.S. automakers – General Motors, Stellantis, and Ford Motor – are all investing billions in EV production in anticipation of a shift in buyer behavior but challenges remain.

The Big Three issued a joint statement on the Administration’s goal, announcing their shared aspiration to achieve sales of 40-50 percent of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals.

“We look forward to working with the Biden Administration, Congress and state and local governments to enact policies that will enable these ambitious objectives,” Ford, GM, and Stellantis said.

The UAW stressed more on the need to preserve jobs.

“While the UAW notes that the companies have made voluntary commitments on Electric Vehicles, the UAW focus is not on hard deadlines or percentages, but on preserving the wages and benefits that have been the heart and soul of the American middle class,” UAW President Ray Curry said.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News