US: 50% electric vehicle sale share by 2030

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New targets for clean transport in the US have been delivered in an Executive Order signed by President Joe Biden.

Under the order, 50% of all new passenger cars and light trucks sold in 2030 must be zero-emission vehicles, including battery electric, plug-in hybrid electric or fuel cell electric vehicles.

In support, the administration will priorities setting clear standards, expanding key infrastructure, spurring critical innovation and investing in the American autoworker, the order states.

“This will allow us to boost jobs – with good pay and benefits – across the United States along the full supply chain for the automotive sector, from parts and equipment manufacturing to final assembly.”

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Alongside this, the order requires the introduction of new emissions standards and fuel economy standards for the different categories of road vehicles starting in 2027 and running through 2030.

These and other actions are anticipated to strengthen American leadership in clean cars and trucks by accelerating innovation and manufacturing in the auto sector, bolstering the auto sector domestic supply chain, and growing auto jobs with good pay and benefits, according to a fact sheet.

In conjunction with the order Ford, GM and Stellantis (the Dutch multinational comprised of Fiat Chrysler and France’s PSA) announced their commitment to 40-50% of US sales being EVs by 2030.

“This represents a dramatic shift from the US market today that can be achieved only with the timely deployment of the full suite of electrification policies committed to by the administration,” the companies said in a statement.

These include purchase incentives, a comprehensive charging network, investments in R&D and incentives to expand the EV manufacturing and supply chains in the US.

EVs are growing in the US with 295,000 new registrations in 2020, according to the IEA’s EV outlook.

More than 40 EV models are now available in that market.

The new measures are expected to put the US on track to reduce greenhouse gas emissions from new passenger vehicle sales by more than 60% in 2030 compared to vehicles sold last year, and facilitate achieving the goal of 50-52% net economy-wide greenhouse gas emission reductions below 2005 levels in 2030, the fact sheet states.