US Government walks back electric car sales targets

AutoExec Summary
The US Government has reduced its electric vehicle sales targets due to slowing demand, with EVs now expected to make up 35 to 56 per cent of new vehicle sales by 2032. The move comes amid pressure from US carmakers and aims to cut CO2 emissions by 49 per cent from 2026 to 2032. In Australia, the Federal Chamber of Automotive Industries has called for the government to take more time to introduce its proposed New Vehicle Efficiency Standard, citing the US experience as a guide.

Brands mentioned: Ford, General Motors, Stellantis, Tesla