Biden administration touts 8-year EV warranty mandate and US$12,000 in gas savings for new emission standards push
President Biden's EPA chief Michael Reagan announced the rumored sweeping change in vehicle emission standards for the model year 2027 this morning. The "proposed standards would exceed costs by at least $1 trillion," claims the EPA, and promises US$12,000 of individual savings on various vehicle ownership costs like fuel or maintenance over its lifetime.
In addition, the White House's National Climate Advisor Ali Zaidi sat down for an interview with Bloomberg and touted a newly minted warranty mandate of 8 years or 80,000 miles for electric vehicles that will add to the program's perceived benefits.
Besides the personal savings of US$12,000 that each new vehicle owner would potentially get by buying a car in 2027, the EPA cites the global benefits in terms of climate change or public health. It says that the proposal will result in 10 billion tons less CO2 emissions and a reduction of oil import dependencies by about 20 billion barrels.
"The proposed standards would reduce other harmful air pollution and lead to fewer premature deaths and serious health effects such as hospital admissions due to respiratory and cardiovascular illnesses," adds the EPA.
The most stringent federal emission standards to date aim to have 67% all-electric light-duty and 46% medium-duty vehicle sales in the 2032 model year. The emission mandates are now up for discussion with various stakeholders.
The first hearings over the "Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles" proposal will be held by the EPA in the May 9 - May 11 period, depending on how many stakeholder testimonies line up.