Senate republicans just voted to poison you. Again.
Senate republicans, joined by Joe Manchin, have voted to roll back the first update to heavy truck pollution standards in 22 years. The new soot standards are estimated to save thousands of lives and tens of billions of dollars.
President Joe Biden has indicated that he will veto this action, so it’s unlikely to go into effect. But it’s just another sign from Senate republicans that they want to kill Americans and cost them money.
Heavy duty trucks are a primary contributor to harmful air pollution. This is particularly true for the types of pollution that harm human health, like ozone, particulate matter and NOx. While light duty vehicles do make up the majority of global warming emissions (CO2), heavy duty vehicles make far more than their fair share of these other harmful pollutants.
And so, in December, the EPA finalized a rule updating heavy truck emissions standards, the first update to these standards since 2001. The rule goes into place starting in model year 2027 and would reduce NOx emissions by 48%. But they are still significantly lighter regulations than those in some states, like California, which is due to update its truck regulations further in a vote happening imminently (Electrek will be covering that vote tomorrow).
The EPA’s 2027 rule would save 2,900 lives, prevent 18,000 cases of childhood asthma and prevent 6,700 hospital admissions. It would also lead to 78,000 fewer lost days of work, 1.1 million fewer lost school days and save $29 billion per year by 2045, and when accounted for in net present value, the benefits are greater than the costs today. These benefits would go disproportionately to disadvantaged communities who live closer to truck routes and depots.
So, these rules are an unequivocal benefit. Like most environmental regulations, they would both reduce costs and improve quality of life. It’s a no-brainer, a win-win for everyone.
And so, yesterday, Senate republicans voted to reverse them. The republicans were joined by Joe Manchin (D-WV), but otherwise the 50-49 vote was entirely along party lines. All 49 republicans and Manchin voted to poison America and waste money, and 48 Democrats and Kyrsten Sinema (I-AZ) voted to clean the air and save money.
Dianne Feinstein (D-CA) is currently on an extended absence and missed the vote, which is what allowed the republicans to push this measure through.
The vote was a resolution under the Congressional Review Act, which allows Congress to block federal regulatory actions. The Act was passed in 1996 but rarely used until 2017, when Congress used it several times, mostly notably to reverse consumer protections implemented under President Obama.
After going through the Senate, the resolution will have to reach the House, where the slim republican majority is likely to approve of poisoning Americans and costing them money. Then, if that happens, it would move on to President Biden, who has signaled that he does not approve of poisoning Americans and costing them money, and will veto it if the effort to do so reaches his desk.
So this effort is unlikely to become law, and everyone knows it. But, seizing on the extended absence of the oldest member of the Senate, republicans still pushed through this rule.
Republicans argued that the reason they want to poison everyone and cost them money is because the cost of complying with these new rules – which, once again, would save, not cost, $29 billion annually – was too high.
Senator Deb Fischer (R-NE), who led the effort, said that since past regulations have worked very well to get emissions down, then new regulations to get emissions down are not necessary – an argument that explicitly acknowledges that regulations work to reduce pollution. She also said that the cost of complying – which could be as little as $2,568 per truck, a small fraction of the price of heavy duty vehicles (which crest six figures easily) – would be too high. Despite, again, calculations showing that this rule would result in not only health benefits, but net financial benefit for the US.
Electrek’s Take
Whenever we write articles like this, we end up getting a few comments saying “stop getting political! it’s not fair that you target one party!”
But all we’re doing here at Electrek is advocating for electric vehicles. We do this openly – you know that this is the position we’re coming from, and you know why we’re doing it. We’re doing it because we like clean air, we like energy efficiency, we like technology, we like better cars. We don’t make a secret about this. We want to live in a better world, and we’re pretty sure you do, too.
But in our coverage of these efforts to live in a better world, there is one party which seems to be unequivocally against doing so. When we cover efforts to make things better, these efforts are not being led by republicans. And when we cover efforts to make things worse, those efforts are being led by republicans.
So when we point out, time and time again, that republicans are voting to poison you, this is not an example of us being partisan. This is an example of republicans picking the side of poison, and us reporting on it factually.
And in this case they aren’t even going to get it into law. They know this, and yet they still voted for it, as if to say: “hey, if given the chance, we want everyone to know that our goal is to kill you and make things worse.” It wasn’t even necessary for them to do so, they could try to keep it a secret or something, but it’s all out in the open.
And so, we have to call these efforts what they are: efforts to poison you and cost you money. We would be happy to see republicans stop these efforts, and they can choose to do so anytime, and we will gladly and fairly report on it if they do.
FTC: We use income earning auto affiliate links. More.
Forget the patio set. This Memorial Day, the real deals are on EVs. While some savings, including the $7,500 federal EV tax credit, could soon disappear, there’s still time to take advantage of the discounts. We rounded up all the EVs you can lease right now for under $300 a month.
Best EV lease deals this Memorial Day
After a record year with over 1.3 million EVs sold in the US in 2024, several new models arrived this year, giving you more options than ever.
Nearly 300,0000 electric vehicles were sold in the first three months of the year. New Acura, Chevy, Honda, and Porsche EVs helped drive sales higher.
General Motors sold over 30,000 EVs in Q1, surpassing Ford and Hyundai Motors to become the second-best seller of EVs behind Tesla. Chevy is now the fastest-growing EV brand with the new Equinox, Blazer, and Silverado EVs sparking growth.
Honda and Acura are getting into the game, selling over 14,000 EVs in the US in the first quarter, which is up from zero just a year ago.
According to S&P Global Mobility (via Automotive News), new models, including the Honda Prologue and Chevy Equinox EV, pushed EV registrations up 20% in March. Both are available to lease for under $300 this month.
Hyundai and Kia Memorial EV lease deals
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2025 Kia Niro EV | $129 | 24 | $3,999 | $295 |
| 2024 Kia EV6 | $179 | 24 | $3,999 | $345 |
| 2025 Hyundai IONIQ 5 | $209 | 24 | $3,999 | $375 |
| 2025 Hyundai IONIQ 6 | $169 | 24 | $3,999 | $335 |
Kia and Hyundai continue to offer some of the most affordable, efficient electric vehicles on the market. The Niro EV is one of the cheapest EVs you can lease in May at just $129 per month.
The new 2025 IONIQ 5, now with more range and a Tesla NACS charging port, and the IONIQ 6 are arriving with significant discounts.
Last month, Hyundai launched a promo giving those who buy or lease a new 2024 or 2025 model year IONIQ 5 or IONIQ 6 a free ChargePoint Level 2 home charger. If you already have one, you can also opt for a $400 public charging credit.
Honda Prologue and Acura ZDX
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2024 Honda Prologue | $239 | 36 | $1,399 | $335 |
| 2024 Acura ZDX | $299 | 24 | $2,999 | $424 |
Honda’s electric SUV is on a hot streak. In the second half of 2024, the Prologue was the second-best-selling electric SUV behind the Tesla Model Y. Through April, Honda’s electric SUV remained a top seller with nearly 11,500 models sold.
With an ultra-low lease rate of just $239 per month, the Prologue is even more affordable than a Civic this month. No wonder sales are surging.
Honda launched the 2025 model earlier this month, which now offers more range (up to 308 miles) and power, but retains the same low starting price.
This Memorial Day, Acura’s luxury electric SUV is one of the best EV deals and is actually cheaper to lease than the Honda CR-V. The ZDX can be leased for as low as $299 for 24 months. With only $2,999 due at signing, the effective cost is just $424 per month. In some states, ZDX discounts reach as high as $28,000, also making it more affordable than a Civic to lease this month.
Chevy Blazer and Equinox EVs
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2024 Chevy Equinox EV | $299 | 24 | $3,169 | $431 |
| 2025 Chevy Equinox EV | $289 | 24 | $2,399 | $389 |
| 2024 Chevy Blazer EV | $299 | 24 | $3,879 | $461 |
Chevy’s new electric SUVs are quickly rolling out. The electric Equinox was among the top five best-selling EVs in the final three months of 2024. Both can be leased for under $300 a month this Memorial Day. The Blazer EV is still slightly more expensive, at $3,879. Keep in mind that the Blazer EV deal also includes a $1,000 trade-in bonus.
The electric Equinox SUV, or “America’s most affordable +315 miles range EV,” as Chevy calls it, is even cheaper than the gas model this month with up to $8,500 in savings.
Chevy’s new 2025 Equinox is even more affordable at just $289 for 24 months. With $2,399 due at signing, you’ll pay only $389 per month.
Ford F-150 Lightning and Mustang Mach-E
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2024 Ford Mustang Mach-E | $213 | 36 | $4,462 | $337 |
| 2024 Ford F-150 Lightning | $233 | 24 | $6,792 | $421 |
Ford’s F-150 Lightning overtook the Tesla Cybertruck to regain its title as America’s best-selling electric pickup in March. The Mach-E remains one of the top-selling EVs with over 14,500 models sold through April.
Ford is sweetening the deal with a free Level 2 home charger for any EV purchase or lease through its “Power Promise,” along with a host of other benefits.
Toyota bZ4X and Subaru Solterra
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2025 Toyota bZ4X | $259 | 36 | $2,999 | $342 |
| 2024 Subaru Solterra | $279 | 36 | $279 | $287 |
| 2025 Subaru Solterra | $299 | 36 | $299 | $307 |
Japanese automakers are starting to find their rhythm. Toyota bZ4X and Subaru Solterra sales are finally picking up. With an effective cost of only $287 per month, the Solterra may be the better option this month, especially with its standard AWD.
After cutting lease prices this month, the 2025 Subaru Solterra is now listed at just $299 for 36 months. With $299 due at signing, the effective monthly cost is only $307.
Other EV lease Deals at under $300 this Memorial Day
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2025 Nissan LEAF | $259 | 36 | $2,279 | $322 |
| 2025 Nissan Ariya | $129 | 36 | $4,409 | $251 |
| Fiat 500e | $159 | 24 | $1,999 | $242 |
In some states, Nissan is offering Ariya lease prices as low as $129 for 36 months. That’s with $4,409 due at signing for an effective cost of $251. For an electric SUV with an MSRP of nearly $42,000, that’s a steal.
Some of these rates may vary by region. The $239 per month Honda Prologue lease deal is offered in California and other ZEV states. Acura’s $299 ZDX promo is only available in California, New York, Oregon, and other select states.
In other parts of the country, the Prologue is still listed at just $269 per month for 36 months. With $3,199 due at signing, the effective monthly cost is still just $358. However, a $1,000 conquest or loyalty offer can lower monthly payments to around $330.
Trump’s “Big Beautiful Bill Act” was passed by House Republicans on Thursday, essentially ending the $7,500 EV tax credit and other clean energy incentives. By the end of 2025, automakers that have delivered over 200,000 electric vehicles in the US will lose access. In other words, they won’t be able to pass it on to you, the buyer.
FTC: We use income earning auto affiliate links. More.
This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes a new launch of a full-suspension e-bike from Velotric, Yamaha-backed company’s plan for battery swapping in electric bicycles, buying a super-cheap e-bike from China, testing the Meepo Flow electric skateboard, PodBike closes its doors, the impending launch of the Royal Enfield Flying Flea electric motorcycle, and more.
The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We also have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the Wheel-E podcast today:
Here’s the live stream for today’s episode starting at 8:00 a.m. ET (or the video after 9:00 a.m. ET):
FTC: We use income earning auto affiliate links. More.
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar.
Imaginima | E+ | Getty Images
A protracted slump in crude prices has ramped up the pressure on Big Oil’s commitment to allocate cash to shareholders.
Western energy supermajors have long sought to return cash to investors through buyback programs and dividends to keep their shareholders happy. Energy executives have also expressed confidence that they can continue to reward investors following a relatively robust set of first-quarter earnings.
Some analysts, however, are less convinced about Big Oil’s pledge to return ever-higher shareholder returns, citing already stretched balance sheets and a sharp drop in crude prices.
Oil prices have fallen more than 12% year-to-date amid persistent demand concerns and U.S. President Donald Trump’s back-and-forth trade policy.
Espen Erlingsen, head of upstream research at consultancy Rystad Energy, said recent market volatility has left the energy majors with “few economically attractive options” that allow for reinvestment while maintaining a competitive capital returns framework.
“As companies like Shell and ExxonMobil continue to push ahead with large-scale buyback programs despite shrinking cash inflows, the durability of these strategies is in question. For now, the majors are holding the line. But if oil prices remain depressed, adjustments may be inevitable,” Erlingsen said in a research note published Thursday.
Share buybacks, which are typically more flexible than dividends, are “likely to be the first lever pulled,” he added. In that vein, weaker crude prices mean energy majors will have less cash to return to shareholders.
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025.
Nurphoto | Nurphoto | Getty Images
Investor concern over the sustainability of Big Oil’s shareholder returns comes after a year of record-breaking payouts.
Analysts at Rystad said total shareholder rewards from the likes of Shell, BP, TotalEnergies, Eni, Exxon Mobil and Chevron climbed to a whopping $119 billion in 2024, beating the previous record set in 2023.
The payout ratio, which refers to shareholder payouts as a share of corporate cash flow from operations (CFFO), meanwhile jumped up to 56% last year, Rystad said. That was well above the 30% to 40% range that was typical for the industry from 2012 through to 2022, the analysts added.
If shareholder payouts were to remain at 2024 levels throughout 2025, Rystad said this would imply companies distribute more than 80% of their cash flow to investors. The estimate was based on Big Oil’s first-quarter CFFO as a proxy for full-year performance.
Point of maximum weakness
For European majors, analysts at Bank of America said at the start of the year in a note entitled “bye-bye buybacks?” that it anticipated cuts in such returns, from companies whose balance sheets were already stretched.
The Wall Street bank cited BP, Repsol and Eni at the time. It added that only Shell, TotalEnergies and Equinor were among the regional players likely to keep their respective 2025 buyback run-rates intact.
Spokespersons for Repsol and Eni were not immediately available to comment when contacted by CNBC.
So far, BP is the only European energy major to have trimmed its buyback run-rate. The beleaguered British oil company last month posted a sharp fall in first-quarter profit and reduced its share buyback to $750 million, down from $1.75 billion in the prior quarter.
BP, which has been the subject of intense takeover speculation, also reported significantly lower cash flow and rising net debt for the first quarter.
Lydia Rainforth, head of European energy, equity research at Barclays, said BP’s future appears to be “really bright” — on the condition that the company can get through the next six months.
“If I think about when is that point of maximum weakness for BP, it is over the next six months, ultimately. Debt continues to go up a little bit, production continues to fall until mid-2026,” Rainforth told CNBC’s Steve Sedgwick on Thursday.
“As I get towards the end of the year, hopefully we’ll see that sum of divestments taking down debt. Things like … selling their lubricants business, that could raise between $12 billion to $15 billion. It brings down debt, you start to see the benefit of cost savings coming through, and then production growth starts kicking in next year,” she added.
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway