
"Americans will pay more at the pump if Donald Trump succeeds in tossing out tailpipe pollution regulations, a new analysis shows. That's on top of job and GDP losses that could result from stifling innovation in cleaner transportation. The Trump administration wants to do away with the Environmental Protection Agency's ability to regulate greenhouse gas emissions, policies that have encouraged carmakers to manufacture more fuel-efficient cars and electric vehicles over time."
"Trump has misleadingly cast the climate pollution standards as an "EV mandate" that would force consumers to buy more costly electric cars. But Americans could wind up paying up to $310 billion extra over the next 25 years without those rules, mostly in higher gasoline prices, according to a report published today by nonpartisan climate policy think tank Energy Innovation. Broken down by household, each household is likely to pay an average of $83 extra each year in energy costs over that time period."
Removing the Environmental Protection Agency's authority to regulate greenhouse gas emissions would halt progress toward more fuel-efficient and electric vehicles. Ending tailpipe pollution standards would reduce incentives for carmakers to innovate in cleaner transportation. Consumers would face higher gasoline prices and increased energy costs, potentially totaling up to $310 billion over 25 years. On a household level, the average increase could be about $83 per year. The rollback could also produce job and GDP losses by stifling investment and innovation in the cleaner transportation sector. Energy Innovation produced the cost estimates.
Read at The Verge
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