Electric Vehicle Rules: Too Much Too Soon?

Japan, TokyoFri Nov 08 2024
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California's push for electric vehicles (EVs) has raised concerns among automakers like Toyota. The Golden State's plan to require 35% of new vehicles sold in 2026 to be zero emission has left Toyota's Jack Hollis feeling skeptical. "We simply don't see this happening, " he said. Toyota worries that such mandates might restrict customer choices, as the demand for EVs isn't high enough yet. The California Air Resources Board (CARB) reports that 12 states plus the District of Columbia have adopted these rules. However, only a few states like California (27%), Colorado (22%), and Washington (20%) are seeing decent EV sales. The national average is just 9%. Due to this, some automakers are already sending more EV models to states with these rules, which isn't natural according to Hollis. "It's distorting business and the industry, " he added. Experts from J. D. Power noted that no state is currently meeting the EV mandate. This includes California itself. So, the question is, are these rules pushing EVs too fast?