- The Alliance for Automotive Innovation representing vehicle manufacturers including, General Motors Company (NYSE:GM), Honda Motor Co Ltd (NYSE:HMC), Volkswagen AG (OTC:VWAGY) and Toyota Motor Corp (NYSE:TM) has expressed concerns regarding U.S. emissions targets.
- The association warned that the targets for vehicle emissions reductions are aggressive and can lead to challenges in manufacturing and supply chains, reported Reuters.
- The target could also mean a swift transition to electric vehicles (EVs).
- The U.S. Environmental Protection Agency’s (EPA) proposed emissions cuts are expected to result in 60% of new vehicles by 2030 being electric and 67% by 2032.
- “In that context, EPA’s proposed greenhouse gas standards for 2027-2032 represents a significant movement of the country’s electrification goal posts – not by a little, but by a lot,” the report quoted the automaker group.
- The automotive group noted that the automakers will struggle to meet targets because of the supply chain snarls that make it challenging to procure EV batteries, motors and chargers.
- Photo Via Company
Mizuho Maintains Buy on Bentley Systems, Lowers Price Target to $35
Mizuho analyst Matthew Broome maintains Bentley Systems (NASDAQ:BSY) with a Buy and lowers the price target from $46 to $35.
