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BumRushDaShow

(133,863 posts)
Thu Jun 13, 2024, 11:08 AM Jun 13

Largest US oil trade group sues to block Biden's EV push [View all]

Last edited Thu Jun 13, 2024, 11:40 AM - Edit history (1)

Source: Reuters

June 13, 2024 10:43 AM EDT Updated 24 min ago


June 13 (Reuters) - The nation's largest oil trade group, which includes Exxon Mobil (XOM.N) and Chevron (CVX.N), filed a federal lawsuit on Thursday seeking to block the Biden administration's efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing.

The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force automakers to produce and sell more electric vehicles to meet the new standards. Under the rule, the administration projects up to 56% of all car sales will be electric between 2030 and 2032. The American Petroleum Institute (API) says the EPA has exceeded its congressional authority with a regulation that will eliminate most new gas cars and traditional hybrids from the U.S. market in less than a decade.

“Today, we are taking action to protect American consumers, U.S. manufacturing workers and our nation’s hard-won energy security from this intrusive government mandate,” API Senior Vice President and General Counsel Ryan Meyers said. The lawsuit was filed on Thursday in the D.C. Circuit Court of Appeals. The EPA declined to comment, citing a policy against talking publicly about pending litigation.

The National Corn Growers Association and the American Farm Bureau Federation will join API as co-petitioners, along with six auto dealers representing 16 brands and collectively operating dozens of dealerships across the country. The two farm groups rely on gas-powered cars to support the corn-ethanol industry.

Read more: https://www.reuters.com/legal/largest-us-oil-trade-group-sue-block-bidens-ev-push-2024-06-13/

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