Biden announces new rule for gas car emissions that could boost EV sector

Rule, hailed as historic step on climate crisis, will have slashed more than 7bn tons of carbon dioxide emissions by 2055

In a move being hailed as one of the most significant climate rules in US history, the Biden administration announced on Wednesday new regulations on tailpipe emissions. The rule, which calls for a 56% reduction in fleetwide average carbon emissions by 2032, constitutes the strictest-ever limit on pollution from the nation's cars and light trucks.

Today, we're setting new pollution standards for cars and trucks," Joe Biden said in a statement. US workers will lead the world on autos making clean cars and trucks, each stamped Made in America'. You have my word."