US aims for zero-emissions heavy-duty vehicles by 2040 – The Peninsula

  • Date: 18-Nov-2022
  • Source: The Peninsula Qatar
  • Sector:Oil & Gas
  • Country:Egypt
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US aims for zero-emissions heavy-duty vehicles by 2040 – The Peninsula

Washington: The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the US energy secretary agreed at the COP27 climate summit in Egypt on Thursday.

The non-binding memorandum of understanding (MOU) sets a target for 30% of those new vehicles - which include commercial delivery vehicles, buses and trucks - to be zero-emission by 2030 and 100% by 2040.

"We have to work together across oceans and borders to meet our clean energy goals,” said US Energy Secretary Jennifer Granholm.

The $430bn climate, tax and drug policy bill passed in August includes new commercial electric vehicles tax credits, with up to $7,500 for light- and medium-duty vehicles and up to $40,000 for heavy-duty vehicles.

Granholm said the funding will "drive technological innovation, lower vehicle costs, and reduce transportation emissions."

A group of 16 lawmakers led by Senator Martin Heinrich earlier this month had urged President Joe Biden to sign the agreement, noting medium and heavy trucks represent 10% of vehicles but account for 28% of total on-road greenhouse gas emissions.

"Decarbonizing commercial transport vehicles is critical to meeting our overall carbon emissions targets," Heinrich said in a statement. "By committing to this goal alongside