The EV transformation & major growth trajectory just took...

The EV transformation & major growth trajectory just took another huge step yesterday in the USA. This new US policy will, over coming years, greatly boost demand for Li- &, eventually, EUR's SP (Assuming Pres. J. Biden is re-elected!).

bbc.com M. Matza 21.3.24 said

"President Joe Biden has announced the strictest regulation on vehicle exhaust emissions ever enacted in the US in a bid to accelerate the auto-industry's shift to electric cars.

It includes a goal for 56% of all new vehicles sold to be electric by 2032 - a huge increase from current levels...

The US is taking a more moderate approach than the European Union and UK, which will ban all sales of petrol-powered cars from 2035.

UK Prime Minister Rishi Sunak announced last year he was delaying the British ban by five years from its original deadline of 2030.

The American car industry pointed to slower electric vehicles (EVs) sales growth in objecting to a draft US target last year that would have ensured such vehicles account for 67% of all new cars sold in 2032.

EVs made up less than 8% of all new [USA] car sales last year".

Biden administration unveils strictest ever US car emission limits to boost EVs (bbc.com)