Ford, Honda, Volkswagen and BMW struck a climate deal with California, defying Trump
Mary Nichols, chairman of the California Air Resources Board , speaks during the CARB 50th Anniversary Technology Symposium and Showcase in Riverside, California, U.S., on Thursday, May 17, 2018. The symposium highlights CARB's history of clean air leadership that has driven innovative solutions and made monumental improvements to Southern California's air quality. Photographer: Dania Maxwell/BloombergFour automakers that together represent about a third of the U.S.
Last August, the Trump administration announced its intention to strip California of its legal right to impose its own emission standards or mandate that automakers sell more electric vehicles. Under the agreement with California, Ford, Honda, Volkswagen and BMW pledge to improve their fleet averages by 3.7% each year, or slightly less than the standards set under the Obama administration.
It’s unclear whether the agreement will lead to a compromise between California and federal regulators. More recently, however, they have urged federal regulators to compromise with California and the other 13 states, because the disagreement could effective result in two separate markets. In other words, manufacturers would have to calibrate their production and sales according to a state’s given environmental rules. That adds costs and could hurt profitability.
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