Stock

California planning to considerably enhance 2030 EV necessities

© Reuters. FILE PHOTO: Newly built Tesla electric vehicles are transported for delivery along a highway in Los Angeles, California, U.S., June 27, 2019. REUTERS/Mike Blake

(Reuters) – The California Air Resources Board said on Tuesday it plans to significantly increase electric vehicle requirements by 2030 as the state moves to phase out the sale of gasoline-powered light duty vehicles by 2035.

In a draft document, the California regulator said previously it aimed to reach 61% zero emission electric vehicle (ZEV) sales by 2030 but it came under criticism from environmental groups Monday.

Board spokesman Stanley Young said Tuesday the board is “already planning to substantially increase the stringency of its proposal.”

The proposal, which is still under staff review, would aim for 68% ZEVs of new vehicles in 2030, 76% in 2031, and 100% in 2035, Young added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles