Latest / Elon Musk Podcast / Tesla Motors Leads the Charge in Biden's Ambitious Plan for an Electric Auto Industry Revolution

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Tesla Motors Leads the Charge in Biden's Ambitious Plan for an Electric Auto Industry Revolution · Elon Musk Podcast

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  subscribing. Hi and welcome back to the Elon
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  Musk podcast to show about Elon Musk and all of his company's
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  Tesla SpaceX, the boring company Twitter excetera.
• 0:41
  Now, the Biden ministration is gearing up to introduce some of
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  the most stringent Auto pollution limits globally.
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  Aiming for electric cars to constitute up to 67 percent of
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  new passenger vehicles, sold in the US by 2032, and that's
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  according to Anonymous sources right now, this Ambitious Target
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  when Marcus significantly for the us.
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  We're only five point. Eight percent of vehicles sold
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  last year were all electric. And they also exceed President
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  Biden's. Previous goal of all electric
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  cars accounting for half of those sold in the country by
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  2030. This move would be the federal
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  government's. Most aggressive climate
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  regulation propelling the u.s. to the Forefront of global
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  efforts to reduce greenhouse gases produced by cars a
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  significant contributor to climate Change in this proposed
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  regulation. However poses a considerable
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  challenge for automakers as most have already invested heavily in
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  TVs but haven't committed to the levels and vision by the Biden
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  Administration. Additionally many of face supply
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  chain issues that have hindered production even manufacturer is
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  enthusiastic about ATVs are uncertain.
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  Whether consumers will buy enough them to make up the
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  majority of new car sales within a decade.
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  Now the EU is already implemented.
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  Vehicle emission standards expected to phase out the sale
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  of new gasoline powered vehicles by 2035 Canada.
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  And Britain had proposed standard similar to the EU model
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  and the action from the Environmental Protection Agency.
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  The EPA is likely to please climate activists who were upset
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  over. The bind administration's recent
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  decision to approve a massive oil drilling project on Federal
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  Land in Alaska. Now, some within the
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  administration argue that accelerating the transition
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  ocean to renewable energy and increasing the number of
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  Americans driving. V's would decrease the demand
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  for oil, drilled in Alaska or other regions over time.
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  Now, the EPA, the administrator of the EPA, Michael Reagan is
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  anticipated to announce the proposed limits on tailpipe
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  emissions. In Detroit, the requirements
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  would aim to ensure that electric cars represent between
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  54 and 60 percent of all new vehicles.
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  Sold in the US by 2030 and with that figure rising to 64, to 67
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  percent of new car sales by 2020, or 2030 to them.
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  According to the anonymous sources, the speeding up of the
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  adoption of EVS in the u.s. wouldn't assess at eight.
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  Significant changes, including constructing millions of new EV
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  charging stations overhauling EV grids and electric grids to
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  accommodate the power needs of those Chargers and securing
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  supplies in minerals and other materials needed for batteries
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  for these electric vehicles. Now, the Biden administration's
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  environmental agenda is included in new regulation, proposal to
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  curb hazardous air pollutants, as well from chemical plants and
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  the designation of two new national monuments in the
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  southwest, the administration economic economists have also
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  issued a Stern warning in an annual report sitting that a
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  warming Planet. Poses a severe economic
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  challenges for the u.s. requiring, the federal
• 3:59
  government. Reassess its spending priorities
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  and how it influences Behavior. Now, however, President Biden
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  gave formal approval to the willow owl project in Alaska.
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  Despite widespread opposition due to its likely climate
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  impacts the proposed regulation, which would go through a public
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  comment period and can be modified by the government
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  before becoming a final is expected to be met with legal
• 4:25
  challenges. It could also become an issue in
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  the 2024, Presidential campaign is a future Administration could
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  undo or weaken it. Our job as Ella president of the
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  alliance for automotive Innovation which represents
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  large us. And foreign automaker said this
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  is a massive undertaking. It is nothing short of a
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  complete transformation of the automotive industrial base and
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  the automotive Market as a whole and the new regulations would
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  follow the 2022. Inflation reduction act which
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  has helped boost demand for EVS by providing up.
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  Up to 7500 dollars in tax incentives.
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  For car buyers, as well as billions and incentives for
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  battery manufacturing and critical mineral processing and
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  Mining. Now transportation is the
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  largest source of greenhouse gas generated.
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  By the US. This second biggest polluter
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  around the planet behind China, rapidly replacing gasoline.
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  Burning cars with Evie's, what helped President Biden, achieve
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  the pledge to cut the country's emissions in half by 2030 and
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  effectively eliminate them by the middle of the century.
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  And that's a good thing. And the proposed auto emissions,
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  rule is even more demanding that the target laid out by President
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  Biden in a White House speech in 2021.
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  Surrounded by lineup of Evie's looting.
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  A Ford F-150 vehicle a Chevy bolt EV and a Jeep Wrangler.
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  Biden issued, an executive order calling for federal policies to
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  ensure that half of new cars sold would be all-electric by
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  2030. Notice the Tesla was it in that
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  lineup. Ford 150 for it, or F-150
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  Lightning a Chevy bolt EV in a Jeep Wrangler.
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  But no Tesla. Even though Tesla's are all
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  built in America, However, climate policy experts have
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  emphasized that the transition is zero emission vehicles, must
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  accelerate to avert planetary disaster, a 2021 report by the
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  International Energy agency found that nations would have to
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  see sales of new gasoline-powered cars by 2035 to
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  keep average global temperatures from increasing by one point
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  five degrees Celsius. That's two point seven degrees
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  Fahrenheit compared with pre-industrial levels.
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  Now, beyond that point scientists warn that the
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  consequences of catastrophic catastrophic heatwaves flooding
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  drought crop failures. And species Extinction would
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  become significantly harder for Humanity to handle.
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  The planet has already warned warmed up by an average of about
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  one point. One degree Celsius.
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  Now, while the market has begun transitioning to electric
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  vehicles, government action is needed to ensure the EV
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  Revolution is completed Drew Kojak executive director of the
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  international Council. Of clean Transportation said,
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  and also said, what is there a market downturn?
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  What if they're what if the battery minerals don't pan out
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  without these firm standards that have?
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  A clear trajectory on timing, not at the players can be sure
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  that this will happen. And what are the biggest hurdles
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  is the need for Millions more electric vehicle.
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  Charging stations, experts, say electric charging stations will
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  need to be as close as possible. As a Corner Gas Station, the
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  2021 infrastructure law provided 7.5 billion dollars to building
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  network of about 500,000 charging stations along the
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  federal highways, but a January report from SP Global concluded
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  that Millions were needed. So, not just 500,000, but
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  millions of these charging stations are needed in.
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  The transportation transformation could also result
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  in economic dislocation for American Auto Workers as Eve.
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  He's require fewer than half as many laborers to build as
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  gasoline-powered cars narked Apollo or marked Apollo a leader
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  of United Auto Workers. The UAW, Local 600 said in a
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  recent interview at the Union headquarters near the for Drogo
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  manufacturing plant in Dearborn, Michigan said, we've dealt with
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  the loss of jobs before through technology, but when you talk
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  about the speed of this, it's hard to Fathom that we won't
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  lose jobs now job. Losses, the other industry could
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  have political consequences for President.
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  Biden will need voters in industrialized States, like
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  Michigan and Ohio, if he chooses to run for a second term, now as
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  they have worked on the new regulation, Administration
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  officials have held weekly, telephone calls with union
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  leaders to try to reassure them Biden.
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  Who's a self-described car, guy who campaigned as quote, the
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  most Pro union guy you've ever seen.
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  Has repeatedly tried to present the transition as Economic
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  Opportunity, emphasizing that will create new jobs and a clean
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  energy economy. And he said, we're going to
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  build a different future with 11 with clean energy.
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  Good-paying jobs Biden said in a speech last summer.
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  He also said we have to keep retaining and recruiting
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  Building Trades and Union electricians for jobs and wind
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  solar hydrogen nuclear creating even more and better jobs.
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  Now, Biden has worked to ensure that only American-made V's
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  would qualify for tax incentives, provided by the
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  inflation reduction act. However, a requirement that they
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  be assembled by union workers was dropped.
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  That's a big plus for Tesla. Is there not a union based
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  company? Now despite these challenges the
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  proposed regulation is already received support from some major
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  automakers. Ford GM is to Lantus the Company
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  formed by the merger of Fiat Chrysler and PSA group have
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  pledged to make significant Investments.
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  Commence in electric vehicles. Now, these companies have
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  expressed their commitment towards the transition, their
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  fleets two v's and work towards a more sustainable future.
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  However, they've also raised concerns about potential supply
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  chain issues and consumer acceptance of electric vehicles.
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  Now, in response to automakers concerns, the Biden
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  Administration has taken steps to address supply chain issues,
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  and encourage the development of a robust electric vehicle Market
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  in the United States and the government has Announced plans
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  to secure critical minerals required for battery production,
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  such as lithium nickel and Cobalt by promoting domestic
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  Mining and processing Industries.
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  Additionally, the administration is working on International
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  Partnerships to diversify mineral supplies and reduce
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  Reliance on China which currently dominates the global
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  battery supply chain. Now, to further promote the EV
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  Market Administration has also expanded tax incentives for
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  electric vehicle buyers. And I did funding for battery
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  research and development. Now, these measures aimed at
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  make electric vehicles, more affordable and appealing to
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  American customers, which is crucial for the success of the
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  proposed regulation of public opinion on.
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  The proposed regulation is divided some groups such as
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  environmental activists and clean energy, Advocates are
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  excited about the prospect of stricter, emissions standards
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  and the potential for a Greener future and they argued that the
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  United States must take the lead in combat.
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  Climate change. And the transition to electric
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  vehicles is an essential step in that direction.
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  Now, on the other hand, opponents of the regulation
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  argue that it could lead to the job losses.
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  And economic hardship, for traditional, automakers and
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  their employees. Some critics also question
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  whether the country's electric grid can handle the increased
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  demand that would come with a massive surge in electric
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  vehicle use. Now others are concerned about
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  the environmental impact of mining.
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  For the minerals required to produce.
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  Electric vehicle batteries now as the proposed regulation,
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  moves forward, it's essential for the Biden Administration to
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  address these concerns and work with automakers workers and
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  other stakeholders to ensure a successful and sustainable
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  transition to electric vehicles. This will involve not only
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  updating missions standards but also investing in
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  infrastructure, research and development and worker
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  retraining programs. The road ahead for the u.s.
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  EV Revolution is undoubtedly challenging.
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  However, with the combination of government support in The
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  Innovation and the industry and public acceptance, this nation
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  can overcome these obstacles and Usher in a new era of clean
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  sustainable Transportation. The benefits, both the
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  environment, and the economy. And as President Biden said, in
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  a recent speech, we have the chance to seize the electric
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  vehicle Market out-compete, the world inquiry, millions of
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  good-paying jobs in the process. Want to say thank you for
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