Biden’s Electric-Car Ambitions Face Real-World Roadblocks

The Wall Street Journal2021-08-09

Auto makers want congressional moves on charging stations and tax incentives; consumer support also is needed. WASHINGTON—President Biden wants to convert American motorists to electric cars as a ...

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Comments

S土豪熊貓G
2021-08-09
S土豪熊貓G
Buy Tesla - Kingpin EV
KLC
2021-08-09
KLC
Tesla up to 900
balaranjith
2021-08-09
balaranjith
Time to buy EV stocks
- KLC:
  Yes. buy ford
- JJQ:
  ??
robot1234
2021-08-09
robot1234
Currently, EVs account for 3% of sales in US. Setting an objective of 50% by 2030 is certainly an extremely ambitious target since US has little competitive advantage in this sector at the moment. All because US can't accept China is the current market leader. More a political decision rather than sound economic considerations. Nevertheless, hope it will be a success and contributes positively to reduce global warming
IvanOon
2021-08-09
IvanOon
Please like n comment thanks alot
- JJQ:
  Done
ChrisCen
2021-08-09
ChrisCen
Like pls
- Ckee:
  Here

Leave a comment

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consumer support also is needed.\nWASHINGTON—President Biden wants to convert American motorists to electric cars as a ...</p>\n\n<a href=\"https://www.wsj.com/articles/bidens-electric-car-ambitions-face-real-world-roadblocks-11628427780?mod=hp_lead_pos11\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.wsj.com/articles/bidens-electric-car-ambitions-face-real-world-roadblocks-11628427780?mod=hp_lead_pos11","article_id":"1101851851","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101851851","pubTimestamp":1628467943,"sourceInfo":null,"weMediaInfo":null,"summary":"Auto makers want congressional moves on charging stations and tax incentives; consumer support also ","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","F":"福特汽车","STLA":"Stellantis NV","GM":"通用汽车","TM":"丰田汽车"},"translate_title":"拜登的电动汽车野心面临现实世界的障碍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F":0.9,"GM":0.9,"STLA":0.9,"TM":0.9,"TSLA":0.9},"content_text":"Auto makers want congressional moves on charging stations and tax incentives; consumer support also is needed.\nWASHINGTON—President Biden wants to convert American motorists to electric cars as a linchpin of his plan to address climate change. Success heavily depends on factors outside his control.\nThe executive order that Mr. Biden signed Thursday—calling on sales of electric, fuel-cell and plug-in hybrids to account for 50% of car and light truck sales by 2030—has no binding authority.\nAuto makers say they could meet a target of somewhere between 40% and 50% of sales, but only if Congress spends billions of dollars to build out a network of EV charging stations and provides tax incentives to consumers, among other measures.\nBeyond that, consumers must buy in. EVs currently account for about 3% of sales, reflecting in part generally higher upfront costs and limits on their range.\n“Possibly the biggest hurdle ahead is consumer acceptance,” said Jessica Caldwell, an analyst at auto-data firm Edmunds. “What will it take for Americans to be willing to change their car ownership habits to go electric?”\nSupporters of Mr. Biden’s plan acknowledge the magnitude of the task ahead but insist the goal is achievable.\nTax incentives can help bridge the price difference between gasoline and electric vehicles at the dealership, these people say. Once purchased, electric vehicles offer continued savings in fuel and maintenance costs compared with gas vehicles, and often a better ride.\nA bigger national network of charging stations is also seen as key to alleviating fears of range anxiety, or running out of charge on the highway.\nProviding those solutions will require balancing a long list of interests, from industry, political parties, unions, environmentalists, regulators and local governments, among others.\n“That’s a Rubik’s cube of complexity,” said Larry Burns, a former GM executive and adviser to Alphabet Inc.’s self-driving affiliate Waymo. “And this scale is massive. So we have to have collective will to make this happen.”\nBut Mr. Burns and others say the industry is ready to make the transition, spurred by government and international competition.\nMr. Biden has made transportation a central part of his agenda on climate change. The sector is the country’s top source of greenhouse-gas emissions, contributing more than a quarter of the country’s planet-warming gases. And China has become a world leader in batteries and electric vehicles, a long-term threat to U.S. manufacturing.\nMr. Biden’s most immediate impact will be through using the authority he does have at the Environmental Protection Agency. It is proposing new rules that would require auto makers to raise average fleetwide fuel efficiency to the equivalent of 52 miles per gallon by the 2026 model year, using an industry measure that takes both fuel efficiency and emissions reductions into account.\nThat compares with the current requirement of 43.3 mpg for that model year under rules set last year by the Trump administration.\nUnder the agency’s proposal, which is now subject to a public-comment period, auto makers would be allowed some increased flexibility to comply by using credits they banked in past years when they surpassed their sales goals under the fuel-efficiency requirements.\n‘There is going to be a massive dislocation...[President Biden] has to navigate through it and enforce the compromise.’\n— Bob Lutz, former auto executive\nThat is likely to spur opposition from the left, with some environmentalists already saying the president is caving in to the auto industry. The EPA’s proposal would produce just 75% of efficiency gains that would have come from the original Obama-era rules, according to an analysis from Consumer Reports Inc., a nonprofit membership organization known for its product reviews.\n“There’s no doubt [the EPA proposal] is a big improvement over where we were,” said David Friedman, Consumer Reports’ vice president of advocacy. “But it doesn’t go as far as our technology can go, and both where consumers and the climate need us to go.”\nAnd the regulations themselves aren’t set in stone, said Mary Nichols, a former chairwoman of the California Air Resources Board and a pioneer of fuel-economy regulation.\nMr. Biden is taking action now to toughen fuel-efficiency standards in large part because former President Donald Trump drastically relaxed standards first imposed by former President Barack Obama.\n“An administration that is determined to dismantle them can quickly shift course,” Ms. Nichols said.\nThat makes Mr. Biden’s deal making with the auto makers important as an attempt to bulletproof his plan for the auto industry. The former GM executive Mr. Burns and other industry experts note that the major auto makers are already spending big to transform themselves, a major reason Mr. Biden’s plan might succeed.\nBut it faces risks, too. Because it is voluntary, auto makers could still backtrack on their commitments, as they have done before. Congress has taken some of the tax credits and spending that the industry says it needs out of a pending bipartisan infrastructure package, leaving it for Democrats to consider for another spending billthat faces high hurdles to passage.\nThere has been pushback from auto dealers fearful of the loss of lucrative maintenance work on traditional engines.\nUnions are fearful of job losses if the transition moves too quickly.\nMr. Biden voiced his support for union workers throughout an event at the White House on Thursday where he signed the executive order, with executives from Ford, General Motors and Stellantis NV (formerly Fiat Chrysler)—all union shops—looking on.\nThe White House left out foreign auto makers, including Toyota or Hyundai Motor Co., whose U.S. workforces aren’t union-represented, as well as Tesla Motors, the company that has led the way in building a market for EVs.\nThe exclusion led to a rebuke from the American International Automobile Dealers Association, which noted that any policies that “prioritize some American auto workers above others…politicize what should be a shared mission,” making reaching the EV sales target more difficult.\nBob Lutz, a former senior executive at Ford, Chrysler, BMW and GM, where he was vice chairman, said Mr. Biden has now put himself at the center of what could be a messy transition process, one that will upend the status quo as auto manufacturing shifts to EV technology.\n“There is going to be a massive dislocation,” especially for workers, Mr. Lutz said. “He has to navigate through it and enforce the compromise. If everybody is a little unhappy but willing to accept it, that’s what he’s shooting for.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":898146725,"gmtCreate":1628480473667,"gmtModify":1703506776065,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3578811676095048","authorIdStr":"3578811676095048"},"htmlText":"Buy Tesla -&nbsp;Kingpin EV&nbsp;","listText":"Buy Tesla -&nbsp;Kingpin EV&nbsp;","text":"Buy Tesla - Kingpin EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898146725","repostId":1101851851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898161967,"gmtCreate":1628478539159,"gmtModify":1703506730044,"author":{"id":"3567916089112278","authorId":"3567916089112278","name":"KLC","avatar":"https://static.tigerbbs.com/7b5f29591734279d9235e132e16aa719","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3567916089112278","authorIdStr":"3567916089112278"},"htmlText":"&nbsp;Tesla up to 900","listText":"&nbsp;Tesla up to 900","text":"Tesla up to 900","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898161967","repostId":1101851851,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898383585,"gmtCreate":1628473688747,"gmtModify":1703506578475,"author":{"id":"3584866490611464","authorId":"3584866490611464","name":"balaranjith","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584866490611464","authorIdStr":"3584866490611464"},"htmlText":"Time to buy EV stocks&nbsp;","listText":"Time to buy EV stocks&nbsp;","text":"Time to buy EV stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/898383585","repostId":1101851851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5468088,"gmtCreate":1628478492062,"gmtModify":1663232108644,"authorId":3567916089112278,"author":{"id":3567916089112278,"idStr":"3567916089112278","authorId":3567916089112278,"name":"KLC","avatar":"https://static.tigerbbs.com/7b5f29591734279d9235e132e16aa719","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898383585,"type":1,"supId":5467148,"prevId":0,"content":"Yes. buy ford","text":"Yes. buy ford","html":"Yes. buy ford"},{"id":5467148,"gmtCreate":1628474432803,"gmtModify":1663232107155,"authorId":3571627110799155,"author":{"id":3571627110799155,"idStr":"3571627110799155","authorId":3571627110799155,"name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.75%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898383585,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"},{"id":898318659,"gmtCreate":1628473329471,"gmtModify":1703506566187,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"Currently, EVs&nbsp;account&nbsp;for 3% of sales in US.&nbsp;Setting an objective of 50% by 2030 is certainly an extremely ambitious target since US has little competitive advantage in this sector at the moment. All because US can't accept China is the current&nbsp;market leader. More a political decision rather than sound economic considerations. Nevertheless, hope it will be a success and contributes&nbsp;positively to&nbsp;reduce global warming","listText":"Currently, EVs&nbsp;account&nbsp;for 3% of sales in US.&nbsp;Setting an objective of 50% by 2030 is certainly an extremely ambitious target since US has little competitive advantage in this sector at the moment. All because US can't accept China is the current&nbsp;market leader. More a political decision rather than sound economic considerations. Nevertheless, hope it will be a success and contributes&nbsp;positively to&nbsp;reduce global warming","text":"Currently, EVs account for 3% of sales in US. Setting an objective of 50% by 2030 is certainly an extremely ambitious target since US has little competitive advantage in this sector at the moment. All because US can't accept China is the current market leader. More a political decision rather than sound economic considerations. Nevertheless, hope it will be a success and contributes positively to reduce global warming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898318659","repostId":1101851851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":898392272,"gmtCreate":1628472427896,"gmtModify":1703506540197,"author":{"id":"3569354683318638","authorId":"3569354683318638","name":"IvanOon","avatar":"https://static.tigerbbs.com/7e332af04c99b1ae0ca2131246646a93","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3569354683318638","authorIdStr":"3569354683318638"},"htmlText":"Please like n comment thanks alot&nbsp;","listText":"Please like n comment thanks alot&nbsp;","text":"Please like n comment thanks alot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898392272","repostId":1101851851,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5467144,"gmtCreate":1628474417091,"gmtModify":1663232106947,"authorId":3571627110799155,"author":{"id":3571627110799155,"idStr":"3571627110799155","authorId":3571627110799155,"name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.75%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898392272,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":898982543,"gmtCreate":1628468575982,"gmtModify":1703506439700,"author":{"id":"3573646272982241","authorId":"3573646272982241","name":"ChrisCen","avatar":"https://static.tigerbbs.com/9ed69e076449c1e1af50807f0353afc3","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":1,"idStr":"3573646272982241","authorIdStr":"3573646272982241"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898982543","repostId":1101851851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5466092,"gmtCreate":1628469380625,"gmtModify":1663232101360,"authorId":3579468869888881,"author":{"id":3579468869888881,"idStr":"3579468869888881","authorId":3579468869888881,"name":"Ckee","avatar":"https://static.tigerbbs.com/59c83eb3fca0be8276df2d1f268e7e7e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":898982543,"type":1,"supId":0,"prevId":0,"content":"Here ","text":"Here ","html":"Here "}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":86,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1101851851"}