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Why Europeans should be going to the United States for tips on climate leadership

(Transport and Environment, 29 Feb 2024) Biden is making good on his promise to build America back better and his success offers invaluable lessons for Europe.

As I rode down the US east coast in one of America’s rare trains, I got a glimpse of the green tech boom happening across the pond. New factories are mushrooming across the country. Biden is making good on his promise to build America back better and his success offers invaluable lessons for Europe.

Biden’s biggest success is to have combined fiscal, trade and regulatory policy into a powerful industrial climate strategy. Much ink has been spilled on the Inflation Reduction Act and US protectionism, but what few Europeans realise is that this will soon be complemented by some of the world’s most ambitious transport climate regulations. 

The Environment Protection Agency has drawn up rules that require US carmakers to sell between 50-60% electric cars in 2030, with requirements kicking in from 2027. The draft trucks rule is less ambitious. Still, combined with the IRA incentives, the EPA rules will turn the US into the world’s second battery electric powerhouse (the first being China). American companies like Tesla and Rivian will be showered with federal dollars. 

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Transport and Environment, 29 Feb 2024: Why Europeans should be going to the United States for tips on climate leadership