The Biden-Harris EPA’s new air quality rules introduced from 2021-2024 will save Americans $253 billion annually, and save 202,632 lives and avoid 100 million asthma attacks by 2050, according to a new analysis by the Environmental Protection Network (EPN).
The analysis focused on sixteen major air pollution rule updates that EPA implemented over the last four years, summing up their total environmental and economic effects.
Between these rules, the sum total of benefits are staggering. EPN points out that the 202,632 lives saved by these standards by 2050 would be enough to fill up a convoy of buses on the highway all the way from Philadelphia to New York City. And that the 107 million avoided asthma attacks means fewer missed work and school says and less-crowded emergency rooms and doctors’ offices.
In terms of costs, the $253 billion saved also includes regulatory costs. Regulatory costs run on the order of $50 billion per year, and benefits of $303 billion per year. The 6:1 ratio of benefits to costs is quite high.
Total benefits calculated through 2050 run in the trillions of dollars. And due to the administration’s Justice40 initiative, many of these benefits will be seen by underserved communities.
EPN says the numbers found in its analysis are likely understated, because it focused solely on the health and climate benefits of better air quality, ignoring other work the EPA has done on “toxic chemicals, clean water and other environmental threats.” This analysis is purely for air pollution standards like smokestack and tailpipe pollution.
EPA often leaves out certain health benefits that are hard to quantify, which means the benefit-cost ratio could be improved even further if those were accounted for.
We’ve reported on many of the rules covered by this analysis before, like EPA’s light-duty vehicle exhaust rule, which will save Americans $100 billion per year on its own despite it being slightly softened from the original proposal, and its strongest-ever truck pollution rule.
EPN points out that these regulations have been popular, with broad support from the public, environmental groups, health organizations, labor unions, and even business organizations. Most of EPA’s biggest policy moves, like those on power plant, soot and tailpipe pollution, attain bipartisan public support of 70-80% when polled.
These benefits were achieved despite constant attacks by an ideologically-driven US “Supreme” Court which has shown little interest in following the law. Not only did the court tell the EPA that it can’t regulate harmful pollutants from coal plants because the Clean Air Act doesn’t tell it to (despite that the Clean Air Act does the EPA to regulate harmful pollutants), it also substituted the opinions of untrained, venue-shopped judges ahead of those of professional scientists in the incredibly stupidLoper Bright opinion that would overturn the Chevron doctrine.
The progress is also remarkable given the damage done to the EPA from 2017-2020. In that period, around 700 scientists had left the EPA, after having their work sidelined in favor of the ideologically-driven opinions of political appointees rather than well-established scientific metholodogies.
And there’s plenty reason to believe that this sort of damage could be done again under a potential future republican administration.
Climate and health savings under attack by Project 2025
EPN points out that these positive rules are under attack by industry groups (like trucking and oil companies that are trying to sue to stop truck pollution rules, despite their outsized benefits), and by political efforts like Project 2025.
Project 2025 is the latest edition of a quadrennial set of recommendations prepared for republican presidential candidates by the far-right think tank The Heritage Foundation. Among other dystopian goals, it seeks to completely gut the EPA’s ability to do work like the above, and to reverse the benefits from the above regulations.
Three-time republican candidate for president, Donald Trump, endorsed Project 2025 back in 2022. And in 2017, The Heritage Foundation bragged that action was made on most of their recommendations. So we can expect that a republican administration would seek action on many of the recommended rollbacks.
Jeremy Symons, EPN Senior Advisor said that Project 2025 “creates a huge risk in the progress that’s been made to attract the best minds to EPA,” in the wake of previous staffing challenges after the exodus of scientists the last time a republican was in the White House.
EPN had offered a bipartisan set of recommendations to the EPA in 2020 describing how the agency could “reset its course,” though there is still progress to be made to repair the agency from the damage that was done.
Rob Wolcott, EPN board chair and former EPA senior counsel to the Office of Research and Development, praised EPA’s efforts to rebuild the agency but pointed out that “it takes a great deal more time and effort and money to build an agency than to rapidly degrade it.”
Electrek’s Take
Look, we here at Electrek cover EVs, renewables and other environmental news every day. We see the headlines, we follow all the developments, we keep track of who’s pushing what.
And there has been a stark difference in the type of reporting we’ve had to do across the course of the last 8 years. While there are plenty of dumb decisions that reach across the aisle, the type of progress we’ve seen in these last 4 years is night-and-day better than the attempts at destruction of the previous 4 years.
And since our work here at Electrek (and, indeed, as living beings on the planet Earth) is to focus on and advocate for cleaner transportation options, and a cleaner environment, it behooves us to bring that information to you in a clear way.
We do not hide our bias here towards cleaner air and water, and towards a more efficient grid and transportation system. However, these biases aren’t really biases when they are or should be shared by all living beings on this planet.
Clean air is an objective good – and is the most important issue in our lives as well, given that nothing else really matters if we don’t have the basic things required for life (air, water, shelter and so on). It’s the base of Maslow’s Hierarchy of Needs for the entire planet.
So, in describing the progress made in these last 4 years, and the economic and environmental damage done in the previous 4 years (at the behest of coal and oil stooges who were doing so to protect the polluting industry that bought them), we hope that this brings into focus the meaning of the decision that Americans will make come November.
There are far too many people who believe that there is little difference between administrations on issues of environmental protection, or who feel that it’s absurd that any party would oppose clean air and water. But there is clear evidence showing the republicans’ current and recent history imposing more pollution and higher costs. And the analysis above shows that the difference is clear.
EV charging veteran ChargePoint has unveiled its new charger product architecture, which is described as a “generational leap in AC Level 2 charging.” The new ChargePoint technology designed for consumers in North America and Europe will enable vehicle-to-everything (V2X) capabilities and the ability to charge your EV in as quickly as four hours.
ChargePoint is not only a seasoned contributor to EV infrastructure but has established itself as an innovative leader in the growing segment. In recent years, it has expanded and implemented new technologies to help simplify the overall process for its customers. In 2024, the network reached one million global charging ports and has added exciting features to support those stations.
Last summer, the network introduced a new “Omni Port,” combining multiple charging plugs into one port. It ensures EV drivers of nearly any make and model can charge at any ChargePoint space. The company also began implementing AI to bolster dependability within its charging network by identifying issues more quickly, improving uptime, and thus delivering better charging network reliability.
As we’ve pointed out, ChargePoint continues to utilize its resources to develop and implement innovative solutions to genuine problems many EV drivers face regularly, such as vandalism and theft. We’ve also seen ChargePoint implement new charger technology to make the process more affordable for fleets.
Advertisement – scroll for more content
Today, ChargePoint has introduced a new charger architecture that promises to bring advanced features and higher charging rates to all its customers across residential, commercial, and fleet applications.
Source: ChargePoint
ChargePoint unveils maximum speed V2X charger tech
This morning, ChargePoint unveiled its next generation of EV charger architecture, complete with bidirectional capabilities and speeds up to double those of most current AC Level 2 chargers.
As mentioned above, this new architecture will serve as the backbone of new ChargePoint chargers across all segments, including residential, commercial, and fleet customers. Hossein Kazemi, chief technical officer of hardware at ChargePoint, elaborated:
ChargePoint’s next generation of EV chargers will be revolutionary, not evolutionary. The architecture underpinning them enables highly anticipated technologies which will deliver a significantly better experience for station owners and the EV drivers who charge with them.
The new ChargePoint chargers will feature V2X capabilities, enabling residential and commercial customers to use EVs to power homes and buildings with the opportunity to send excess energy back to the local grid. Dynamic load balancing can automatically boost charging speeds when power is not required at other parts of the connected building structure, enabling efficiency and faster recharge rates.
ChargePoint shared that its new charger architecture can achieve the fastest possible speed for AC current (80 amps/19.2 kW), charging the average EV from 0 to 100% in just four hours. That’s nearly double the current AC Level 2 standard (no pun intended).
Other features include smart home capabilities where residential or commercial owners can implement the charger within a more extensive energy storage system, including solar panels, power banks, and smart energy management systems. The new architecture also enables series-wiring capabilities, meaning fleet depots, multi-unit dwellings, or even residential homes with multiple EVs can maximize charging rates without upgrading their wiring configuration or energy service plan.
These new chargers will also feature ChargePoint’s Omni Port technology, enabling a wider range of compatibility across all EV makes and models. According to ChargePoint, this new architecture complies with MID and Eichrecht regulations in Europe and ENERGY STAR in the US.
The first charger models on the platform are expected to hit Europe this summer followed by North America by the end of 2025.
FTC: We use income earning auto affiliate links.More.
Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia’s budget deficit, a Goldman Sachs economist warned.
The bank’s outlook spotlighted the pressure on the kingdom to make changes to its mammoth spending plans and fiscal measures.
“The deficits on the fiscal side that we’re likely to see in the GCC [Gulf Cooperation Council] countries, especially big countries like Saudi Arabia, are going to be pretty significant,” Farouk Soussa, Middle East and North Africa economist at Goldman Sachs, told CNBC’s Access Middle East on Wednesday.
Spending by the kingdom has ballooned due to Vision 2030, a sweeping campaign to transform the Saudi economy and diversify its revenue streams away from hydrocarbons. A centerpiece of the project is Neom, an as-yet sparsely populated mega-region in the desert roughly the size of Massachusetts.
Plans for Neom include hyper-futuristic developments that altogether have been estimated to cost as much as $1.5 trillion. The kingdom is also hosting the 2034 World Cup and the 2030 World Expo, both infamously costly endeavors.
Digital render of NEOM’s The Line project in Saudi Arabia
The Line, NEOM
Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs this week lowered its year-end 2025 oil price forecast to $62 a barrel for Brent crude, down from a previous forecast of $69 — a figure that the bank’s economists say could more than double Saudi Arabia’s 2024 budget deficit of $30.8 billion.
“In Saudi Arabia, we estimate that we’re probably going to see the deficit go up from around $30 to $35 billion to around $70 to $75 billion, if oil prices stayed around $62 this year,” Soussa said.
“That means more borrowing, probably means more cutbacks on expenditure, it probably means more selling of assets, all of the above, and this is going to have an impact both on domestic financial conditions and potentially even international.”
Financing that level of deficit in international markets “is going to be challenging” given the shakiness of international markets right now, he added, and likely means Riyadh will need to look at other options to bridge their funding gap.
The kingdom still has significant headroom to borrow; their debt-to-GDP ratio as of December 2024 is just under 30%. In comparison, the U.S. and France’s debt-to-GDP ratios of 124% and 110.6%, respectively. But $75 billion in debt issuance would be difficult for the market to absorb, Soussa noted.
“That debt to GDP ratio, while comforting, doesn’t mean that the Saudis can issue as much debt as they like … they do have to look at other remedies,” he said, adding that those remedies include cutting back on capital expenditure, raising taxes, or selling more of their domestic assets — like state-owned companies Saudi Aramco and Sabic. Several Neom projects may end up on the chopping block, regional economists predict.
Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch. That combined with high foreign currency reserves — $410.2 billion as of January, according to CEIC data — puts the kingdom in a comfortable place to manage a deficit.
The kingdom has also rolled out a series of reforms to boost and de-risk foreign investment and diversify revenue streams, which S&P Global said in September “will continue to improve Saudi Arabia’s economic resilience and wealth.”
“So the Saudis have lots of options, the mix of all of these is very difficult to pre-judge, but certainly we’re not looking at some sort of crisis,” Soussa said. “It’s just a question of which options they go for in order to deal with the challenges that they’re facing.”
Global benchmark Brent crude was trading at $63.58 per barrel on Thursday at 9:30 a.m. in London, down roughly 14% year-to-date.
Comments