Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. transport chief not endorsing banning gas-vehicles after 2035

Published 03/25/2021, 12:56 PM
Updated 03/25/2021, 01:30 PM
© Reuters. U.S. Transportation Secretary Pete Buttigieg visits a UPS center that is delivering COVID-19 vaccines

By David Shepardson

WASHINGTON (Reuters) - U.S. Transportation Secretary Pete Buttigieg said on Thursday he was unaware of any support by the Biden administration to ban gas-powered vehicles after 2035 as California aims to do.

Asked by a lawmaker at a U.S. House hearing if the Biden administration supported California's plan to ban the sale of new gas-powered passenger cars and trucks in 2035, Buttigieg said he had "not heard of anything to that effect at the national or federal level."

He did note that automakers like General Motors (NYSE:GM) have set a goal of ending gas-powered passenger vehicle sales by 2035. "I've not heard of that in a mandatory context but that certainly seems to be where the U.S. auto industry is headed."

During the 2020 campaign, Biden declined to endorse California's plan.

This week, a growing number of Democratic lawmakers have called on President Biden to endorse banning gas-powered vehicles by a specific date.

On Wednesday, a group of more than 70 U.S. House Democrats led by Representative Doris Matsui urged Biden to set tough emissions rules to ensure that 60% of new passenger cars and trucks sold are zero-emission by 2030, while 10 U.S. senators led by Democrat Edward Markey urged Biden "to set a date by which new sales of fossil fuel vehicles will end entirely."

Markey's letter, which was also signed by Senators Richard Durbin, Sheldon Whitehouse, Elizabeth Warren, Jeff Merkley and others, said it is essential "to ensure that we are on a trajectory to achieve the near-zero emission fleet that scientists have called for by 2050."

The House letter urged Biden to adopt "ambitious post-2026 standards that put us on the path to having all light-duty vehicles be zero-emission by 2035."

© Reuters. U.S. Transportation Secretary Pete Buttigieg visits a UPS center that is delivering COVID-19 vaccines

On Monday, California's two senators Alex Padilla and Dianne Feinstein also urged Biden to set a date to end gas-powered vehicle sales.

Latest comments

Biden is a 1 term president. 2 of his final yrs will be heavy resistance as the House will be Republican majority
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.