The new rule starts in model year 2027 and is up to 80% stronger than the current standard. It will reduce smog-forming Nitrogen Oxide (NOx) emissions from trucks by almost half by 2045.
NOx is one of the primary components of smog, and is emitted by the combustion of gasoline and diesel. Diesel engines tend to produce much more NOx than gasoline engines, so heavy diesel trucks have significant NOx impacts. About 16-18% of NOx emissions come from heavy duty trucks (though in some states it’s higher, like in California at 32%), despite them accounting for a smaller percentage of total road traffic.
So, regulating the relatively smaller amount of trucks can have outsized influence on overall NOx emissions.
The EPA claims this new regulation will result in several benefits by 2045:
Up to 2,900 fewer premature deaths
6,700 fewer hospital admissions and emergency department visits
18,000 fewer cases of childhood asthma
3.1 million fewer cases of asthma symptoms and allergic rhinitis symptoms
78,000 fewer lost days of work
1.1 million fewer lost school days for children
$29 billion in annual net benefits
The regulations will also “increase useful life of governed vehicles by 1.5–2.5 times, and will yield emissions warranties that are 2.8–4.5 times longer,” according to the EPA.
But not everyone is happy with the new rule. While it’s a big step forward for diesel truck emissions regulation, environmental groups had hoped the rule would focus more on zero-emissions trucks, rather than merely making cleaner versions of dirty diesels.
The Natural Resources Defense Council hailed the EPA for finally updating these rules after 20 years of inaction, but claimed that “these standards fall short, and the agency missed a critical opportunity to slash soot and smog and accelerate the shift to the cleanest vehicles” – by which it means fully-electric trucks. And the American Lung Association praised the rule, looking forward to the EPA’s plans to issue more rules on cleaner trucks starting next year.
On the other side, the Diesel Technology Forum, an industry group in favor of expanded diesel trucking, seemed quite happy with the new rule. They claim this will help accelerate the turnover of old diesel trucks to newer, more efficient models – and think that electric trucks are not the ideal solution for trucking.
Thankfully, this isn’t the end, as far as the EPA goes. The EPA plans to release further rules for greenhouse gas emissions in heavy duty vehicles starting spring of 2023, and these rules will also go into effect in 2027. Today’s rule change focused on NOx emissions, but CO2 is another important emission to regulate in order to fight climate change.
Transportation is the largest source of emissions in the US. Medium- and Heavy-duty trucks combined are responsible for 26% of US transportation CO2 emissions. Light-duty vehicles are responsible for more – 57%, a majority of transport emissions – but there are a lot more of them than there are of trucks.
The world is currently well-above pre-industrial CO2 levels. Any carbon-positive technology, such as diesel, can only make CO2 levels go up when they need to be going down. The first step towards getting back to ~350ppm CO2 from our current measure of 416ppm (and rising) is to move to zero-carbon technology in every sector, particularly the most-polluting ones like transportation. Putting more new diesel engines on the road just ensures that they will continue polluting for decades into the future, and which will eventually need to be replaced by zero-emission trucks anyway.
The EPA had planned to issue truck CO2 rules this year, but due to new incentives for zero-emission vehicles in the Inflation Reduction Act, they pushed back their decision until this coming spring. With up to $40,000 available for commercial zero-emission vehicles and several new electric trucks just recently coming to market, the EPA seems confident that it can issue stricter CO2 rules than previously planned.
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Tesla has hired a celebrity ambassador, a departure from Elon Musk’s policy of not paying for celebrity endorsements.
Musk has often bragged about the fact that Tesla doesn’t pay for celebrity endorsements in contrast to other automakers who hire celebrity brand ambassadors to promote their cars.
Much like advertising, Musk seems to be abandoning this strategy.
Tesla announced that it hired Olympic shooter Kim Ye-ji, whose performance at the Paris Olympics this summer went viral, to be the automaker’s brand ambassador in Korea.
Kim said about her new partnership with Tesla:
I’m very excited to work with Tesla, who have recognized me. I hope to convey a positive message together with Tesla.”
Here are a few pictures released to announce her new partnership with Tesla:
Kim’s agency said that her relationship with Tesla started from CEO Elon Musk tweeting about her viral performance at the Olympics:
“The relationship between Kim Ye-ji and Tesla developed after Elon Musk mentioned her. The company said that Kim is Tesla Korea’s first brand ambassador.”
She is not only Tesla Korea’s first ambassador, but she is the first known paid celebrity ambassador for Tesla globally.
The policy change is not entirely surprising since the policy of Musk not paying celebrities to endorse Tesla’s products was often attached to the automaker’s strategy not to advertise.
Tesla sales in Korea haven’t been amazing, but the country’s auto market greatly favors domestic brands. The American automaker does fairly well for a foreign brand with the Model Y becoming the best-selling imported vehicle in Korea during the first half of 2024.
Although, it amounted to just over 10,000 units.
Electrek’s Take
It’s a change of strategy, and Elon certainly can’t claim that Tesla doesn’t pay for celebrities to endorse its products, but it is probably a smart move due to the fact that Koreans prefer domestic brands.
Kim could help create a deeper level of attachment to the Tesla brand, but I don’t really know. I’m just speculating.
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Kia just broke its October sales record as its impressive US sales run continues. After another record-breaking month, Kia said the growth is fueled by “strong demand” for its electric vehicles.
Kia sets new October sales record in the US
Kia sold 69,908 vehicles in the US last month, up 16% from its previous October sales record in 2023.
According to Kia, higher demand for its electric models is charging up sales in the US. Kia’s electrified sales (EVs, PHEVs, and HEVs) reached its highest ever in October.
All-electric vehicles (EVs) led the way, with sales surging 70% year-over-year (YOY). Plug-in hybrid (PHEV) and hybrid (HEV) sales were up 65% and 49%, respectively, from October 2023.
Kia’s first dedicated electric model, the EV6, set a new October sales record with 1,941 units sold. Through the first ten months of 2024, Kia has now sold over 17,700 EV6 models in the US. Meanwhile, its first three-row electric SUV, the EV9, continues to defy expectations.
With another 1,941 models sold last month, Kia EV9 sales reached 17,911 through October. That’s even more than the EV6 despite costing +$12,000 more.
2024 Kia EV9 GT-Line (Source: Kia)
Kia’s first US-made EV9 rolled out of its West Point, GA plant this summer. Although the EV9 is expected to qualify for the full $7,500 federal tax credit next year, Kia is matching it for now through incentives.
Next year, we will also finally see the EV9 GT, which Kia promises will have “enormous power.” Ahead of its official debut, we got our first look at the sporty electric SUV with an active spoiler last month.
2025 Kia EV9 Trim
Starting Price*
Light Standard Range
$54,900
Light Long Range
$59,900
Wind
$63,900
Land
$69,900
GT-Line
$73,900
2025 Kia EV9 price by trim (*excluding $1,325 destination fee)
Earlier this month, we learned that the 2025 EV9 will start at $54,900 (not including the destination fee), which is only $700 more than the 2024 model.
With prices dropping to potentially under $50,000, Kia’s three-row electric SUV is a steal. If you’re ready to experience the EV9 for yourself, we can help you get started. You can use our links below to view deals on Kia’s electric vehicles in your area.
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The outcome of the U.S. presidential election on Nov. 5 won’t affect oil production levels in the short- to medium term, Exxon CEO Darren Woods told CNBC on Friday.
Former President Donald Trump has called for unconstrained oil and gas production to lower energy prices and fight inflation, boiling his energy policy down to three words on the campaign trail: “Drill, baby, drill.”
“I’m not sure how drill, baby, drill translates into policy,” Woods told CNBC’s “Squawk Box” Friday after the largest U.S. oil and gas company reported third-quarter results.
Woods said U.S. shale production does not face constraints from “external restrictions.” The U.S. has produced record amounts of oil and gas during the Biden administration.
Over the past six years, the U.S. has produced more crude oil than any other nation in history, including Saudi Arabia and Russia, according to the Energy Information Administration.
Output in the U.S. is driven by the oil and gas industry deploying technology and investment to generate shareholder returns based on the break-even cost of production, the CEO said.
“Certainly we wouldn’t see a change based on a political change but more on an economic environment,” Woods said. “I don’t think there’s anybody out there that’s developing a business strategy to respond to a political agenda,” he said.
While shale production has not faced constraints on developing new acreage, there are resources in areas like the Gulf of Mexico that have not opened up due to federal permitting, the CEO said.
“That could, for the longer term, open up potential sources of supply,” Wood said. In the short- to medium term, however, unconventional shale resources are available and it’s just a matter of developing them based on market dynamics, he said.
Exxon Mobil shares in 2024.
The vast majority of shale resources in the U.S. are on private land and regulated at the state level, according to an August note from Morgan Stanley. About 25% of oil and 10% of natural gas is produced on federal land and waters subject to permitting, according to Morgan Stanley.
Vice President Kamala Harris opposed fracking during her bid for the 2020 Democratic presidential nomination. She has since reversed that position in an effort to shore up support in the crucial swing state of Pennsylvania, where the natural gas industry is important for the state’s economy.