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Thursday, January 28, 2021 The auto industry has been planning for the impact on a change in administration on many fronts. As previously discussed, the new administration has a strong focus on environmental policy, and is expected to make sweeping changes. What is potentially in store for the auto industry? The first few days in office provide clues to what will be coming. A week into office, the Biden administration has made the following moves, among others pertinent to the auto industry: . The Paris Agreement is an international treaty aimed at reducing greenhouse gas emissions. The Trump administration had withdrawn from the Paris Agreement. ....
Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription Biden Effects Regulatory Freeze, Revokes Trump Actions, Rejoins Paris Agreement President Joe Biden just hours after his inauguration effected an immediate freeze on several Trump-era deregulatory actions that directly affect the power sector, and revoked a long list of rules and executive actions affecting the bulk power system. The president on Jan. 20 also kickstarted America’s return to the Paris Agreement, sending a brief letter to the United Nations (UN) that accepts every “article and clause” within the landmark international climate agreement. ....
Biden Orders Immediate Confrontation of Climate Crisis On Jan. 20, President Joe Biden signed an executive order entitled, “Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis.” It establishes the Biden administration’s commitment to immediately work to confront both the causes and impacts of climate change by implementing policy guided by science. The order rolls back many actions taken by the Trump administration to loosen environmental standards and protections and calls on all federal agency heads to review and “consider suspending, revising, or rescinding the agency actions” that may be inconsistent with Biden’s articulated policy. It also effectively recommits the U.S. to the 2015 Paris Climate Accords, a multilateral treaty designed to reduce carbon emissions and address climate change, which President Trump withdrew the U.S. from in 2017. ....
1209 views As a favor to the community I m posting President Biden s order to agencies to undertake a review of Trump era environmental regulations. Yesterday was also an important day for Mother Nature and the nation. The US Court of Appeals for the District of Columbia Circuit unanimously tossed the Trump administration s replacement for Obama s Clean Power Plan (CPP) back to EPA. The Agency will now be coming out with some version of the CPP. Look for my continuing comments on these and other Biden administration efforts to put the nation s economy on a low-carbon trajectory. In the meantime, feel free to ask questions you might have. I ll do my best to answer them. ....
Dec 29, 2020 New light vehicle sales of 83,4-million globally are forecast in 2021, up 9% from a 2020 projection of 76,5-million, as industry demand levels emerge next year in the wake of recovery from the Covid-19 pandemic – especially in major markets. The IHS Markit forecast assumes that effective vaccines will be widely available by mid-2021, although full availability is not expected until sometime in 2022. Full year 2020 sales are expected to be down 15% from the levels achieved in 2019. IHS Markit remains cautious on recovery prospects, with key markets likely to experience differing demand cycles. Some markets face further fallout from the pandemic, not least due to additional virus-control restrictions for the winter months. ....