The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to 'ease up' on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China.
and other major automakers - warned in May that automakers will struggle to meet those targets because of problems with the supply chain for EV batteries, motors and chargers as well as consumer resistance.
Bozzella said Europe offers a warning of what could happen in the United States. "With a 2035 ban on fossil fuel vehicles looming, Chinese manufacturers gained a foothold and entered the European market at a budget price point," he said. "They achieved a 5% share of Europe's EV market in the first nine months of 2022 and are on a steady march to hit 20% by 2025."
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