How high will Bitcoin go in 2025?

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

House backs measure to overturn Biden auto emissions rule that Republicans say would force EV sales

MATTHEW DALY
September 20, 2024

WASHINGTON (AP) -- The GOP-controlled House approved a resolution Friday that would overturn a new Biden administration rule on automobile emissions that Republicans say would force Americans to buy unaffordable electric vehicles they don't want.

The rule issued by the Environmental Protection Agency in March would impose the most ambitious standards ever in the United States to cut planet-warming emissions from passenger vehicles.

The actions come as EV sales, needed to meet the standards, have begun to slow.

While former President Donald Trump and other Republicans have lambasted the rule as an EV "mandate,'' the rule would not force all sales of EVs. Under the regulation, industry could meet the limits if 56% of new vehicle sales are electric by 2032, the EPA said. The standard also would require at least 13% plug-in hybrids or other partially electric cars by 2032, as well as more efficient gasoline-powered cars that get more miles to the gallon than cars currently on the road.

The projected EV sales rate would be a huge increase over current sales, which rose to 7.6% of new vehicles last year, up from 5.8% in 2022.

"The EPA's latest tailpipe emissions rule is not really about reducing air pollution. It's about forcing Americans to drive electric vehicles,'' said Rep. Cathy McMorris Rodgers, R-Washington, the chair of the House Energy and Commerce Committee.

She called the rule "unreasonable" and "just another example of how the Biden-Harris administration's rush-to-green agenda is handing China the key to America's energy future, jeopardizing our auto industry and forcing people to buy unaffordable EVs they don't want.''

New Jersey Rep. Frank Pallone, the top Democrat on the energy panel, called the House measure "yet another Republican effort to attack the Clean Air Act and roll back commonsense air pollution protections.''

The GOP action "puts the profits of corporate polluters over the health and safety of the American people,'' Pallone said, adding that resolution is "ripped right out of Trump's extreme Project 2025 playbook.''

Instead of focusing on funding the government, which is set to shut down at the end of this month, "Republicans are wasting time by bringing up this resolution they know has zero chance at becoming law,'' Pallone said, noting that even if the measure passes in the Democratic-controlled Senate it faces a certain veto from President Joe Biden.

"This is yet another example of Republicans failing to be serious about governing or working to implement policies that actually benefit the American people,'' Pallone said.

The House passed the measure, 215-191. Eight Democrats voted in favor, while one Republican, Rep. Brian Fitzpatrick of Pennsylvania, voted no.

Republican Rep. John James of Michigan, who sponsored the resolution, said the "out-of-touch regulation" would "crater the Michigan auto industry and decimate our middle-class and most vulnerable'' citizens.

"Folks in my district simply can't afford to spend an additional $12,000 on an expensive, unreliable EV,'' James said. "Allowing the Biden-Harris administration to continue stifling consumer choice will only harm the American people.''

The EPA rule applies to model years 2027 to 2032 and would avoid more than 7 billion tons of planet-warming carbon emissions over the next three decades, providing nearly $100 billion in annual net benefits, including lower health care costs, fewer deaths and more than $60 billion in reduced annual costs for fuel, maintenance and repairs, the EPA said.

Cars and trucks make up the largest single source of U.S. greenhouse gas emissions.

The new standards are designed to be technology-neutral and performance-based, EPA Administrator Michael Regan said, noting that there are "multiple pathways companies can choose to comply? with the rule. The EPA could achieve its carbon pollution goals even if sales of battery electric vehicles are as low as 30% in 2032, as long as stringent standards for gas-powered cars are met, he said.

Biden, who has made fighting climate change a hallmark of his presidency, cited "historic progress" on his pledge that half of all new cars and trucks sold in the U.S. will be zero-emission by 2030.

"We'll meet my goal for 2030 and race forward in the years ahead,? Biden said when the rule was issued in March.

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

Why This Stock Tripled In The Last 3 Months

Investors have gobbled up this transformation story. The company's shares have tripled over the last three months.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Judge and lawmakers question the Trump administration's plan to gut Job Corps centers

Members of Congress and a federal judge are questioning plan to shut down Job Corps centers nationwide and halt a residential career training program for low-income youth that was established more than 50 years ago.

Warren Buffett Makes Over $2.2 Million A Day From This Stock

Warren Buffett's Berkshire Hathaway is set to earn $816 million in Coca-Cola dividends in 2025.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

How To Earn $500 A Month From Broadcom Stock Ahead Of Q2 Earnings

Broadcom offers an annual dividend yield of 0.90% ($2.36 a year). To figure out how to earn $500 monthly, here's what you do.

Apple May Launch New Hardware At WWDC 2025: Mac Pro, HomePad, AirTag 2 Expected

Rumors suggest that Apple's WWDC 2025 may feature surprise hardware announcements, including a new Mac Pro.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Inflation data threatened by government hiring freeze as tariffs loom

WASHINGTON (AP) — The Labor Department has cut back on the inflation data it collects because of the Trump administration's , raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs.

Wall Street's Top Insiders Just Made Their Biggest Tesla Bet Yet - Ad

Elon Musk could soon trigger a $34 trillion wealth shift - and two top analysts say Tesla could 2X to 10X in a year. But while all eyes are on Tesla, four overlooked stocks could soar even higher. Learn how t get the full details, tickers, and free report before the Austin launch goes live.

Intel Clues Hidden in Pizza Orders? Pentagon Orders Surged Just Before Israel Hit Iran

A social media account that tracks pizza shop activity near the Pentagon reportedly forecast Israel's military strikes against Iran.

Appeals court hands AP an incremental loss in its attempt to regain its access to Trump events

Digging deep into free-speech precedents in recent American history, a federal appeals panel handed The Associated Press an incremental loss on Friday in its continuing battle with the Trump administration over access by its journalists to cover presidential events.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

ABC's Terry Moran is suspended following his social media post calling Trump and Miller haters

NEW YORK (AP) — ABC News has suspended correspondent Terry Moran for calling Trump administration deputy chief of staff a “world class hater” in a since-deleted social media post.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Shiba Inu on Verge of a Breakout as Whales Make Bold Moves

Shiba Inu (CRYPTO: SHIB), a competitor to Dogecoin (CRYPTO: DOGE), could potentially see a significant price surge due to a rise in whale activity, according to market intelligence firm Santiment.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Supreme Court blocks Mexico’s $10B lawsuit alleging US gunmakers have fueled cartel violence

WASHINGTON (AP) — on Thursday blocked a $10 billion lawsuit Mexico filed against top firearm manufacturers in the U.S. alleging the companies’ business practices have fueled tremendous and bloodshed.

Senate Republicans revise ban on state AI regulations in bid to preserve controversial provision

WASHINGTON (AP) — Senate Republicans have made changes to their party's sweeping tax bill in hopes of preserving a new policy that would prevent states from regulating artificial intelligence for a decade.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Aflac finds suspicious activity on US network that may impact Social Security numbers, other data

Aflac says that it has identified suspicious activity on its network in the U.S. that may impact Social Security numbers and other personal information, calling the incident part of a cybercrime campaign against the insurance industry.

Firms led by US military veterans deliver aid in Africa and Gaza, alarming humanitarian groups

ON A PLANE OVER UPPER NILE STATE, South Sudan (AP) — Swooping low over the banks of a Nile River tributary, an aid flight run by retired American military officers released a stream of food-stuffed sacks over a town emptied by fighting in , a country wracked .

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Walmart Shoppers See Sharp Price Hikes as Tariffs Hit Shelves

Walmart employees and shoppers now report price hikes hitting the shelves and their wallets. 

Stock Of The Day: Could Lucid Gaps Refill?

If a stock gaps through certain price levels, then eventually reverses and gets back to these same levels, it may gap back through them.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

RFK Jr. Champions 'Medical Freedom' While Curtailing Access, Say Public Health Experts

U.S. Health Secretary Robert F. Kennedy Jr. has championed "medical freedom" while simultaneously limiting access to COVID-19 vaccines and restricting food stamp purchases, creating what public health experts call a dichotomy in his approach to healthcare policy.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service