Market Warning: Is BTC is Just the Start?

Missed out the AI craze, or BTC's 40% jump? 50-year Wall Street veteran Marc Chaikin just detailed another way to play this market rally.

EPA sets strict emissions standards for heavy-duty trucks and buses in bid to fight climate change

MATTHEW DALY and TOM KRISHER
March 29, 2024

WASHINGTON (AP) -- The Environmental Protection Agency on Friday set strict emissions standards for heavy-duty trucks, buses and other large vehicles, an action that officials said will help clean up some of the nation's largest sources of planet-warming greenhouse gases.

The new rules, which take effect for model years 2027 through 2032, will avoid up to 1 billion tons of greenhouse gas emissions over the next three decades and provide $13 billion in net benefits in the form of fewer hospital visits, lost work days and deaths, the EPA said. The new standards will especially benefit an estimated 72 million people in the United States who live near freight routes used by trucks and other heavy vehicles and bear a disproportionate burden of dangerous air pollution, the agency said.

"Heavy-duty vehicles are essential for moving goods and services throughout our country, keeping our economy moving. They're also significant contributors to pollution from the transportation sector -- emissions that are fueling climate change and creating poor air quality in too many American communities,'' EPA Administrator Michael Regan said.

"Reducing emissions from our heavy-duty vehicles means cleaner air and less pollution. It means safer and more vibrant communities. It means lower fuel and maintenance costs for truck owners and operators. And it means healthier Americans,'' Regan said.

The new rules for heavy trucks and buses come a week after the EPA announced new automobile emissions standards for passenger vehicles. Those rules relax initial tailpipe limits proposed last year but get close to the same strict standards set out by the EPA for model year 2032.

The auto industry could meet the limits if 56% of new passenger vehicle sales are electric by 2032, along with at least 13% plug-in hybrids or other partially electric cars, the EPA said.

The rule for trucks is more complex, with a range of electric-vehicle or other non-traditional sales projected, depending on the type of vehicle and use, the agency said. For instance, 30% of "heavy-heavy-duty vocational" trucks would need to be zero-emission by 2032, the EPA said, while 40% of short-haul "day cabs" would need be zero emission vehicles.

The new rules for cars and trucks come as sales of EVs, which are needed to meet both standards, have begun to slow. The auto industry cited lower sales growth in objecting to the EPA's preferred standards unveiled last April for passenger vehicles, a key part of President Joe Biden's ambitious plan to cut planet-warming emissions.

"Our Clean Trucks plan works in tandem with President Biden's unprecedented investments in America and delivers on this administration's commitment to tackling climate change while advancing environmental justice,'' Regan said.

The new rule will provide greater certainty for the industry, while supporting U.S. manufacturing jobs in advanced vehicle technologies, Regan said. Over the next decade, the standards "will set the U.S. heavy-duty sector on a trajectory for sustained growth,'' he said.

Industry groups strongly disagreed. They lambasted the new standards as unreachable with current electric-vehicle technology and complained about a lack of EV charging stations and power grid capacity limits.

The American Trucking Associations and the Owner-Operator Independent Drivers Association, which represent large swaths of the industry, predicted supply chain failures and said that smaller independent firms would likely hang onto older diesel trucks that spew more pollution, running counter to the EPA's goals.

The new limits lower zero-emission sales rates proposed for the 2027 through 2029 model years but require higher sales later, resulting in a practical mandate for electric and hydrogen-powered trucks, the trucking associations said in a statement. The EPA rule limits choices for trucks and buses to unproven technology, the group said.

"The post-2030 targets remain entirely unachievable," said Chris Spear, the group's CEO. "Any regulation that fails to account for the operational realities of trucking will set the industry and America's supply chain up for failure."

Todd Spencer, president of the independent drivers association, which represents small trucking companies, said the Democratic administration "seems dead-set on regulating every local mom-and-pop business out of existence with its flurry of unworkable environmental mandates."

Regan said the EPA crafted the limits to give truck owners a choice of powertrains including advanced combustion vehicles, hybrids and electric and hydrogen fuel cells.

"There's a list of options that truck drivers, owners and operators can choose from ... while we (do) not sacrifice the very stringent environmental goals that we have set," he told reporters Thursday.

The EPA calculated that new trucks would save operators a total of $3.5 billion in fuel and other costs from 2027 to 2032, paying for themselves in two to four years. The 2022 Inflation Reduction Act also provides tax credits that subsidize the purchase price of new electric vehicles, Regan said.

The new emissions limits will bring immediate health benefits, especially in communities burdened by heavy truck traffic, said Harold Wimmer, CEO of the American Lung Association.

"Transportation is the largest source of pollution driving climate change," he said in a statement. "These strong standards that will help drive toward a zero-emission future for trucks, buses and other heavy-duty vehicles are a critical part of the solution."

___

Follow the AP's coverage of the EPA at https://apnews.com/hub/us-environmental-protection-agency.

Continue Reading...

Popular

Third person pleads guilty in probe related to bribery charges against US Rep. Cuellar of Texas

AUSTIN, Texas (AP) — Federal investigators have secured a third guilty plea in connection with an investigation into U.S. Rep. Henry Cuellar of Texas on charges that he accepted nearly $600,000 in from an Azerbaijan-controlled energy company and a bank in Mexico.

Owner of Raptors and Maple Leafs in talks to seal buying French soccer club Saint-Étienne

SAINT-ETIENNE, France (AP) — Storied said on Monday it was in exclusive talks for a sale to the owner of the Toronto Raptors and Toronto Maple Leafs.

No. 1 Clean Energy Stock Pick for 2024? (Hint: Uranium) - Ad

During December 2023, the USA, France, UK, and Canada pledged to TRIPLE their nuclear capacity. Rocketing Uranium prices 74% in less than 6 months.

Starbucks' Sales Slump Due To Social Media Boycott, Says Analyst

Discover why BofA Securities' Sara Senatore stands firm with a Buy rating on Starbucks Corp despite Q2 FY24 sales collapse. Dive into the analyst's perspective on the unexpected impact of social media boycotts and the brand's potential for recovery.

What's Going On With Rivian's Stock?

Rivian reported better-than-expected first-quarter revenue last week, and the company also maintained its 2024 production forecast of 57,000 units. Rivian shares also moved following a report from DigiTimes that Apple is "assessing the possibility of teaming up with a certain U.S. EV startup, and Rivian is a very likely candidate."

Biggest Hedge Fund Manager Has Huge Warning for U.S. Dollar." - Ad

Ray Dalio, the founder of Bridgewater has gone public with a huge waning about the U.S. dollar. He says: "We are printing too much... money as we know it is in jeopardy." Multi-millionaire analyst Porter Stansberry agrees and says a very lucrative new form of money is emerging in America. Should you get it? Stansberry explains full story here...

Top 3 Real Estate Stocks That Are Set To Fly

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

Warren Buffett suggests that federal taxes will likely increase given the country's precarious fiscal position, and he expressed Berkshire's willingness to cover the tax bill it faces.

Buy Alert: Invest in This Coin Before... [Details Inside] - Ad

Today, Ian issued a new "buy alert. He's calling this one "the greatest investment in history," and adds: "All my data is clear. It will be 20X bigger than bitcoin. "But you'll want to invest before the upgrade date.

The world's largest 3D printer is at a university in Maine. It just unveiled an even bigger one

ORONO, Maine (AP) — The world’s largest 3D printer has created a house that can cut construction time and labor. An even larger printer unveiled on Tuesday may one day create entire neighborhoods.

What the Election Means for AI Stocks - Ad

If you think AI stocks are hot right now, just wait until after the election. I believe the next president's first move could launch a second wave of AI winners.

Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of 'Bodies Around Him': 'He Takes Out Everybody Who Is Loyal To Him'

Cassidy Hutchinson, a former aide to Donald Trump, publicly expressed her disapproval of the ex-president following the recent indictments of his associates in the Arizona fake electors scheme.

Elon Musk Issues Stark Warning Amid Rising National Debt: '...The Dollar Will Be Worth Nothing'

Elon Musk has voiced concerns about the future stability of the U.S. dollar, highlighting the escalating national debt as a potential catalyst for a looming economic crisis.

Mysterious Gold Leverage Just Announced - Ad

Ex-Goldman Sachs VP reveals a secret of the rich and connected that lets you tap into the upside of a huge amount of real, physical gold for just a few dollars at a time. He says the upside could be near 1,000% in the coming future.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Uranium Prices Soar 74% in 6 Months! The Uranium Bull Market Is Here to Stay! - Ad

In December 2023, 22 countries pledged to 3X their nuclear capacity. Sending these uranium stocks into a frenzy.

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

BOGOTA, Colombia (AP) — Colombia has become the latest Latin American country to announce that it over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

Fraudsters target small businesses with scams. Here are some to watch out for

NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

22 Countries Pledge To 3X Nuclear Power - Uranium Prices Soar 74% - Ad

Newswire says "Bull market continues in Uranium stocks." Who to pick? Well, exploration records show...

Why Is Apple Stock Soaring Premarket Today?

Apple shares appear on track to reclaim the $180 level for the first time since the start of March after quarterly earnings.

TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field

TotalEnergies SE has signed a deal with Trident Energy for purchase and sale transactions in Congo, increasing its stake in the Moho license and selling its interests in the Nkossa and Nsoko II licenses.

Market Warning: Don't Buy This... - Ad

Today's "bizzarro" market has one 50-year Wall Street veteran concerned. He believes most investors are about to make this huge mistake.

Poland is still not ready to adopt the euro, its finance minister says

WARSAW, Poland (AP) — Twenty years after joining the European Union, Poland is still not ready to adopt the euro currency, the finance minister in the pro-European Union government said.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media who stepped in when the league's app couldn't broadcast the game.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu’s surging burn rate to speculation of certain altcoins becoming irrelevant.

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

This year's gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan.

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

US seeks information from Tesla on how it developed and verified whether Autopilot recall worked

DETROIT (AP) — Federal highway safety investigators want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company's Autopilot partially automated driving system.

A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses

SULPHUR, Okla. (AP) — When Oklahoma and national officials held a press conference Monday to discuss the scale of devastation , Kathy John did what she always does: She showed up to report on it for the town’s weekly newspaper, the Sulphur Times-Democrat.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service