California to introduce CO2 Emission truck rule.
Due to the withdrawal from the Paris Agreement, US is rolling back its environmental regulations, but the State of California has its own policies in order to protect the environment.
Currently, there are about 30 million vehicles registered in California, of which 20 million are trucks. Since 70% of photochemical smog originates from trucks, it is obvious that trucks are the main origin of air pollution.
One of the regulations introduced by the State of California is the goal to accomplish the transformation of all public buses and trucks into EV by 2040.
A regulation such as this is called Advanced Clean Truck Regulation.
On June 25, 2020, the California Air Resources Board (CARB) made the world’s first decision to apply zero emission regulations to truck manufacturers. Truck manufacturers are required to increase their share of zero-emission trucks between 2024 and 2035. Specifically, by 2035, 55% of light/medium-sized vehicles of class 2b-3, 75% of large vehicles of class 4-8, and 40% of tractors must be vehicles which do not emit CO2.
Despite high hopes of reducing air pollution, there were those who opposed the new regulation. “There are various reasons why hydrogen and electric trucks are not the solution to air pollution and climate change problems,” said Jed Mandel of the Truck and Engine Manufacturers Association. “Electric trucks lack charging infrastructure, are expensive to develop, and are more expensive than traditional fuel trucks.”
However, Tesla’s policy advisor Andy Schwartz argued that the EV charging infrastructure could be built.
Speaking of which, in July 2020, Tesla surpassed Toyota in terms of market capitalization in the US stock market, becoming the world’s leading automaker. This news alone took the world and market watchers by shock. Yet, just 9 days later, on 10th of July, the market capitalization exceeded the total of Toyota, Honda and Nissan, and the expectations for electric vehicles around the world became a little clearer. Next year Tesla is planning to release the truck “Semi”, which will be a great contribution to achieving 2040 goal. Considering intense market movements, technological innovations, diffusion of electric vehicles and infrastructure development there is clearly a bright future ahead.
Photo:California Air Resources Board