Even if one assumes this makes any sense, it will take a really long time to kill off the carbon transportation business.(Cars and Trucks)

The average age of a car on the road is now more than 12 years. Buying a new one is not like going to the supermarket this week, so fleet size will be a lot stickier than someone running for re-election believes.

Translation….there are opportunities to make a lot of money in existing business models not being obsoleted next year by conceptually green initiatives.

(The EPA) Drives Me Crazy – New U.S. Rule On Tailpipe Emissions Conflicts With Energy Reality
Published by: Jason Lindquist

The Biden administration recently announced a very ambitious — to say the least — rule on tailpipe emissions. But while the rule’s legal and political standing might be a bit uncertain — it’s seen by many as a de facto ban on conventionally fueled cars and trucks and is likely to face several court challenges — doubts also remain about whether it matches up with the realities of today’s energy world. In today’s RBN blog, we look at the new rule, what it would mean for U.S. consumers and automakers, and how it conflicts with the views of RBN’s Refined Fuels Analytics (RFA) practice on the future of global oil and refined products demand and the rate of electric vehicle (EV) adoption.

The push to reduce greenhouse gas (GHG) emissions in the transportation sector has been a key piece of President Biden’s climate agenda since taking office in 2021. His administration has a two-track strategy aimed at the auto industry: (1) make sure cars and trucks use less gasoline, and (2) make sure the vehicles on the road produce fewer emissions.

Read the full blog post here.