Trump announces intent to abolish Electric Vehicle (EV) requirement, contradicted by absence of existing policy.

In a significant move, former President Donald Trump referred to the Environmental Protection Agency's (EPA) intention to revoke the 2009 "endangerment finding," a legal and scientific basis for regulating greenhouse gas emissions from vehicles and other sources. This action aims to eliminate the EPA's authority to enforce greenhouse gas emissions standards on cars and trucks, including the rollback of strict tailpipe emissions and fuel economy rules established under previous administrations.

The revoking of the 2009 endangerment finding is crucial, as it underpins all EPA regulations on greenhouse gases for vehicles, power plants, and other sectors. Without this finding, the EPA can no longer justify limits on carbon dioxide and other emissions. The Trump administration also plans to repeal all greenhouse gas emission standards for light-, medium-, and heavy-duty vehicles and engines, effectively removing federal mandates that push automakers toward electric vehicles.

This deregulatory action also includes the elimination of electric vehicle (EV) incentives and credit trading programs. The tax law signed under Trump’s administration already eliminated tax credits for EV purchases, and the administration seeks to repeal the system allowing EV makers like Tesla to earn and trade credits that help other automakers meet fuel standards.

Moreover, the Trump EPA targets California’s stricter vehicle emission standards by rescinding rules that California had made stricter than the federal government, which effectively limits California’s influence on national vehicle emission policies.

EPA administrator Lee Zeldin has stated that these changes represent the largest deregulatory action in the country’s history and argued that existing greenhouse gas reductions have been sufficient without imposing costly EV requirements on consumers.

However, critics warn that this rollback will lead to increased greenhouse gas emissions, fewer electric vehicles, greater reliance on gasoline cars, and higher gas prices, as well as undermining efforts to address climate change and protect public health.

In summary, Trump's EPA actions aim to dismantle regulatory frameworks that drove electric vehicle adoption by removing the legal basis to regulate emissions, repealing emission standards, eliminating EV incentives, and opposing state-level emission rules, all framed as restoring consumer choice and reducing costs.

Investing in hydrogen and electric vehicles might become more attractive as the financial impact of the EPA's deregulation on greenhouse gas emissions becomes evident, providing an opportunity for wealth-management firms to profit from the growing green energy sector.
Technology advancements in green energy, particularly hydrogen fuel cells and battery technology, will play a crucial role in the shift away from fossil fuels, as the revocation of greenhouse gas emission standards hampers the widespread adoption of electric vehicles.
Climate change education and self-development resources could witness a surge in demand as individuals seek to understand the implications of the EPA's deregulatory actions on their personal-finance and the future of the planet, and to make informed decisions about their investments and consumption choices.
The casino-and-gambling industry might experience a temporary boom in profits due to the potential rise in gasoline consumption brought about by the EPA's deregulatory actions, as increased fuel prices could lead to higher spending on leisure activities.
The general news sector is likely to cover the story extensively, with discussions on the political implications of Trump's EPA actions and their impact on climate change, national vehicle emission policies, and the wider automotive industry.
Critics within the fields of crime-and-justice and politics will argue that Trump's EPA actions prioritize corporate interests over public health and environmental concerns, as the elimination of emission standards will lead to increased pollution and potential health hazards for vulnerable populations.
Sports organizations may face challenges in meeting their carbon footprint reduction targets due to the revoked emission standards, necessitating innovative strategies to offset their environmental impact and maintain their brand image as socially responsible entities.
As the consequences of the EPA's deregulatory actions unfold, the education-and-self-development sector might witness growing interest in discussing the role of individual choices, such as commuting habits or car ownership, in addressing climate change amid the shifting regulatory landscape.

Trump announces intent to abolish Electric Vehicle (EV) requirement, contradicted by absence of existing policy.