financetom
Business
financetom
/
Business
/
Major automakers want Congress to bar California 2035 electric vehicle plan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Major automakers want Congress to bar California 2035 electric vehicle plan
May 25, 2025 8:06 PM

WASHINGTON, April 28 (Reuters) - Major automakers want

Congress to bar California's landmark plan to end the sale of

gasoline-only vehicles by 2035 that has been adopted by 11 other

states, warning the rules could begin impacting vehicle

shipments in a few months.

The U.S. House of Representatives will vote later this week

on legislation to repeal a waiver granted by the U.S.

Environmental Protection Agency under former President Joe Biden

in December allowing California to mandate at least 80% electric

vehicles by 2035. The Alliance for Automotive Innovation, which

represents General Motors ( GM ), Toyota ( TM ) , Volkswagen

, Hyundai and other major automakers said

car companies could soon be "forced to substantially reduce the

number of overall vehicles for sale to inflate their proportion

of electric vehicles sales."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stellantis laying off about 400 US workers, citing 'unprecedented uncertantities'
Stellantis laying off about 400 US workers, citing 'unprecedented uncertantities'
Mar 22, 2024
(Reuters) -Chrysler parent Stellantis ( STLA ) said on Friday it will lay off about 400 U.S. salaried workers as it seeks to cut costs, boost efficiency and ramp up electric-vehicle production plans. The Italian-American automaker said it is reducing its engineering/technology and software organizations by about 400 U.S. jobs effective March 31, which represents 2% of those jobs worldwide....
Apple scraps plan to design watch displays in-house, Bloomberg News reports
Apple scraps plan to design watch displays in-house, Bloomberg News reports
Mar 22, 2024
March 22 (Reuters) - Apple ( AAPL ) is winding down a project to design and develop its own smartwatch displays, Bloomberg News reported on Friday, citing people with knowledge of the matter. The plan was shelved due to high costs and complexity, and Apple ( AAPL ) is now reorganizing the teams that handled display engineering and eliminating several...
Pfizer Gets European Medical Panel's Recommendation for Emblaveo
Pfizer Gets European Medical Panel's Recommendation for Emblaveo
Mar 22, 2024
01:33 PM EDT, 03/22/2024 (MT Newswires) -- Pfizer ( PFE ) said Friday the European Medicines Agency's Committee for Medicinal Products for Human Use recommended market authorization for Emblaveo to treat complex infections. Recommended treatment guidelines cover adult patients with complicated intra-abdominal infections, hospital-acquired pneumonia, including ventilator-associated pneumonia, and complicated urinary tract infections, according to the company. The recommendation is...
Chubb Insider Sold Shares Worth $5,177,162, According to a Recent SEC Filing
Chubb Insider Sold Shares Worth $5,177,162, According to a Recent SEC Filing
Mar 22, 2024
01:38 PM EDT, 03/22/2024 (MT Newswires) -- Timothy Alan Boroughs, Executive Vice President & Chief Investment Officer, Chubb Limited ( CB ), on March 20, 2024, sold 20,000 shares in Chubb ( CB ) for $5,177,162. Following the Form 4 filing with the SEC, Boroughs has control over a total of 72,444 shares of the company, with 35,662 shares held...
Copyright 2023-2026 - www.financetom.com All Rights Reserved