Biden vs Trump strategies: from America first to America (electric) first
US 625,000 official vehicles will become zero emissions
Scandal Is Nikola, the Tesla of trucks, a fraud?
In early August, Joe Biden unveiled his intention that 50% of the cars sold in the US in 2030 be electric.
To achieve this, it is planned to invest up to 174,000 million dollars, of which 100,000 million will be aid for the acquisition of vehicles.
In addition, they want to deploy a network of 500,000 charging points.
Now, the federal Administration looks at the shorter term and announces that
the cars that are sold in the country from the year 2023 will have to consume much less fuel
than those that are currently marketed, in a new bet to combat climate change.
"We have followed science, listened to stakeholders, and set strong and rigorous standards that
will vigorously reduce pollution that harms people and our planet, while saving families money,"
reported the Environmental Protection Agency. (EPA).
Los Angeles freeway congestion is common
Reverse Trump's decisions
The new measures approved by the federal government reverse the
less strict endorsed by his predecessor, Republican Donald Trump
.
The histrionic former president also maintained a strong dispute with the state of California, which has its own autonomy in these matters and whose stricter environmental standards are also liked by other states and manufacturers such as Ford or BMW.
The announcement came just as
Biden's
massive
Build Back Better
social spending plan
may have taken a fatal blow
after a key Democratic senator said he would not support the project, which cost 1.75. trillion dollars (1.55 trillion euros) and that includes new initiatives to fight against climate change.
GM has resurrected the Hummer brand, but only with battery-powered vehicles
Average consumption of 6.2 liters
Under new EPA rules, cars (including SUVs and pickups)
must be able to go 55 miles (88.5 kilometers) at a continuous speed on one gallon of fuel (nearly 4 liters) by 2026.
OR which is the same, 6.2 liters per 100 km in real conditions.
In this way, the Government has the ability of car manufacturers to improve the technical performance of engines, but also with the increase in sales of electric vehicles.
To this last trend are being added even the large pick-ups so of the American taste and, traditionally, large gasoline drinkers.
“By mid-2026,
the EPA predicts that final standards can be met, with about 17% of EVs sold
and a wider adoption of advanced gasoline engine technology.
Drivers will save between 210,000 and 420,000 million dollars
(between 186,000 and 372,000 million euros) by 2050
in fuel costs ", estimates the agency.
The current emissions regulation, approved in March 2020 by the Trump administration, asks manufacturers to improve the energy efficiency of their models by
1.5% annually between 2021 and 2026, compared to the 5% required by the Obama administration.
Presentation, in 2019, of the Nikola Tre truck developed with Iveco
Nikola: 125 million fine for fraud
However, in this race toward decarbonization, federal authorities are unwilling to accept shortcuts.
And less, fraudulent, as is the case of Nikola: the company founded by Trevor Milton has reached an agreement with the Securities and Exchange Commission (SEC), and
will pay 125 million dollars (110 million euros at current exchange rates) for settle allegations of defrauding investors by misleading them about its products, technical advancements, and business prospects.
In 2020, Nikola went public after merging with a special acquisition company, or SPAC.
The deal comes after the SEC filed legal action earlier this year against Milton.
The company will pay that money in five installments to be disbursed between this year and 2023.
A few days ago, Nikola delivered its first Nikola Tre electric pilot trucks - developed through a
joint venture with the Italian Iveco- to the California port transport company, which has ordered 100 units.
In addition, it plans to deliver hydrogen fuel cell trucks in 2023.
False or inaccurate data
However,
long before the company had built a single commercial vehicle,
Milton embarked on a public relations campaign aimed at "inflating and maintaining Nikola's stock price ... His statements in tweets and appearances on the media falsely gave investors the impression that Nikola had reached certain technological and product milestones, ”notes the SEC.
Milton, founder and former CEO of Nikola
For example, on its in-house
production
capacity
, hydrogen production, truck orders and reserves, and financial prospects.
He also lied by misrepresenting or omitting relevant facts when talking about the time to refuel his vehicles and the expected cost.
The scandal forced Milton's resignation in 2020
.
He is accused of various criminal charges and the investigation against him remains open.
According to the criteria of The Trust Project
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