EPA Restores California's Authority In Emission Standards

by Shivani Kumaresan, Benzinga Staff Writer

March 10, 2022 6:55 AM | 1 min read | Make a Comment

The U.S. Environmental Protection Agency has restored California's authority to implement its own greenhouse gas (GHG) emission standards and zero-emission vehicle (ZEV) sales mandate.
The move is a reversal of the 2019 decision by former President Donald Trump.
"With today's action, we reinstate an approach that for years has helped advance clean technologies and cut air pollution for people not just in California, but for the U.S. as a whole," said EPA Administrator Michael Regan.
The EPA in December finalized new vehicle emissions rules restoring targets undone by Trump and requiring a 28.3% reduction in vehicle emissions through 2026, Reuters reported.
Price Action: GM shares are trading lower by 1.14% at $41.80 in pre-market trading on Thursday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.