December 21, 2021
Assessing the Climate Impacts of the EPA’s Final Vehicle Emissions Rule
The Environmental Protection Agency (EPA) announced the Biden Administration’s first final rule aimed at reducing greenhouse gas emissions from the transportation sector. In a new insight, Director of Regulatory Policy Dan Bosch updates AAF’s assessment of the proposed rule and looks at how much the EPA projects the final rule will reduce greenhouse gas emissions in light of the Biden Administration’s pledge to cut nationwide emissions.
The Environmental Protection Agency’s final rule on greenhouse gas emissions from light-duty vehicles is the first of several expected rulemakings targeting the transportation sector in an effort to help the United States meet its goal of reducing nationwide emissions 50 percent from 2005 levels by 2030.
The final rule is projected to result in only modest emissions reductions despite going beyond the requirements adopted by the Obama Administration nearly a decade ago.
With a total estimated cost of $180 billion, the rule is the most expensive final rule tracked by the American Action Forum since 2005.