California is poised tophase out sales of almost all new, gas-burning cars by 2035under rulesregulators are anticipated to approve Thursday, a move which could dramatically accelerate the transition to electric vehicles nationwide if other states follow suit.
Governor Gavin Newsom first announced the 2035 goal inan executive order2 yrs ago, however the new rules would set a company timetable for reaching it, requiring automakers to steadily increase their sales of zero-emission cars in the nations largest auto market. And because17 other statestypically follow Californias auto-emissions standards, Thursdays vote by the California Air Resources Board could reverberate far beyond the Golden States borders, forcingthe auto industry to increase its switch to electric cars.
It might also burnish Newsoms climate-change credentials at the same time once the Democratic governor is widely thought to be weighing a run for the White House.
California, birthplace of Tesla Inc., is definitely the nations top market for electric vehicles, plus they take into account15% of new carsregistered in hawaii this year, based on the California New Car Dealers Association. The proposed regulations would set annual targets to enhance that percentage, starting at 35% in 2026 and hitting 68% in 2030. Plug-in hydrids, which switch between electricity and gas, and hydrogenfuel-cell cars would also count toward those goals. California already has its clean-vehicle incentive program, offeringrebatesof just as much as $7,000 toward the purchase of zero-emission vehicles, although cars costing a lot more than $45,000 dont qualify.
Read More: California Electric Vehicle Plan Misses Equity, Advocates Say
The move would dovetail with President Joe Bidens efforts to push electric car sales. The Inflation Reduction Act he signed the other day includes tax credits as high as $7,500 to EV buyers, although income restrictions apply. And last years infrastructure law included $5 billion to create anationwide network of charging stationsalong major highways, to convince drivers they wont get stranded without power on a journey should they make the switch.
Some automakers have announced plans to crank up production of EVs, the has expressed concern about getting locked into specific timelines because of their adoptionand that lots of consumers might not be prepared to ditch gasoline. Electrics composed significantly less than 6% of new car sales in the initial half of this season, based on the Edmunds automotive information service. And EV prices, already greater than gas-powered cars, are rising because the war in Ukraine, supply chain problems and rising demand make the metals of their rechargeable batteries more costly. The common sales price for an EV in July was nearly $62,900, in accordance with Edmunds, weighed against $47,200 for several vehicles.
Its a worthy goal, but could be unrealistic given the charging infrastructure and likely increasing demand for power, Brian Moody, executive editor for Kelley Blue Book and Autotrader, said within an emailed statement.
Still, Edmunds analyst Jessica Caldwell said Wednesday that the will be able to meet Californias goals. If automakers can grab production, sufficient investments are created in charging infrastructure and the energy grid, and financial incentives could be made more available, this milestone ought to be achievableif not surpassable, said Caldwell, the companys executive director of insights.
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