New Rules Will Still Push Carmakers to Sell More Electric Cars

Even if clean air rules announced recently in Washington are less forceful than some environmentalists would have liked, experts believe they will still have a powerful effect on the types of cars available in showrooms. The rules are expected to increase market forces driving the industry towards battery-powered vehicles, giving automakers a strong incentive to sell a wider range of electric cars at more affordable prices. This could lead to more models and lower prices. Sales of electric vehicles are growing faster than fossil fuel vehicles, thanks to lower prices and improvements in technology. The new rules are not expected to slow down the production of electric vehicles. Investment in battery factories and electric vehicle plants has already reached over $110 billion, demonstrating a long-term commitment to the industry.