logo
California filing suit over U.S. Senate vote revoking state's EV mandate and strict emission standards

California filing suit over U.S. Senate vote revoking state's EV mandate and strict emission standards

CBS News22-05-2025
California is fighting back a day after the U.S. Senate voted to put the brakes on the state's clean vehicle policies.
Governor Gavin Newsom and Attorney General Rob Bonta issued a statement Thursday saying the state will file a lawsuit after senators voted to revoke California's emission waivers that set stricter standards than federal regulations. One of the rules, the so-called "EV mandate," would phase out gasoline-powered cars and require new vehicle sales to be zero-emission by 2035.
The two other waivers involve reducing tailpipe emissions from medium- and heavy-duty vehicles, and limiting smog pollution from trucks. Earlier this month, the House of Representatives also voted to undo the waivers that authorize California's clean vehicle rules which were approved by the Biden administration Environmental Protection Agency in 2024.
Sixteen other states and the District of Columbia have also adopted California's vehicle standards.
California, Democrats say vote to block clean vehicle rules is illegal
Republicans say the Congressional Review Act allows Congress to overturn rules passed by federal agencies with a simple majority vote, but Democrats point to the nonpartisan Government Accountability Office and the Senate parliamentarian, who found that the act does not apply because California's waivers are not the same as rules.
"This Senate vote is illegal," said Newsom in a prepared statement. "Republicans went around their own parliamentarian to defy decades of precedent. We won't stand by as Trump Republicans make America smoggy again - undoing work that goes back to the days of Richard Nixon and Ronald Reagan - all while ceding our economic future to China."
"With these votes, Senate Republicans are bending the knee to President Trump once again," said Bonta in a prepared statement. "The weaponization of the Congressional Review Act to attack California's waivers is just another part of the continuous, partisan campaign against California's efforts to protect the public and the planet from harmful pollution."
GOP, Trump administration target California's emission rules
The stricter rules would begin in 2026 by setting interim quotas for zero-emission vehicles, with quotas increasing each year until 2035. The quotas would also allow 20% of zero-emission cars sold to be plug-in hybrids. Gas-powered used vehicles would still be allowed on the roads.
Republicans and the auto industry maintain that there should be a single, national standard for auto emissions and that the state's EV mandate gives consumers fewer choices and increases the price of vehicles.
During his first administration, President Donald Trump also attempted to revoke the California's EPA waivers, prompting the state and 22 other states to file suit. The lawsuit became moot after President Joe Biden reversed the Trump administration policy.
In 1966, California established the country's first vehicle emissions standards. Under the federal Clean Air Act of 1970, the state can adopt stricter emission standards than the EPA's regulations and is the only state eligible for a waiver to the Clean Air Act. Since the act was established, the EPA has granted California more than 75 waivers for its vehicle emissions program.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NVDA: Top Analysts Lift Nvidia Targets Ahead of Earnings -- Can AI Boom Deliver?
NVDA: Top Analysts Lift Nvidia Targets Ahead of Earnings -- Can AI Boom Deliver?

Yahoo

time15 minutes ago

  • Yahoo

NVDA: Top Analysts Lift Nvidia Targets Ahead of Earnings -- Can AI Boom Deliver?

This article first appeared on GuruFocus. Aug 21 - Nvidia (NASDAQ:NVDA) continues to draw investor attention as analysts raise their price targets ahead of the company's second-quarter earnings report on August 27. The chipmaker's stock outlook remains supported by strong AI demand, its leadership position in the semiconductor market, and easing U.S. export restrictions. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator. Shares of NVDA edged higher on Thursday's opening. Consensus estimates call for earnings of $1.01 per share on revenue of $45.87 billion. Analysts remain confident that Nvidia will deliver another solid quarter, although expectations are high. KeyBanc analyst John Vinh increased his price target on NVDA to $215 from $190 while reiterating a Buy rating. Vinh expects strong July-quarter results but noted guidance for the October quarter could be more cautious, as forecasts likely exclude China sales pending license approvals. If those sales are included, Nvidia could generate an additional $2 billion to $3 billion from its H20 and RTX6000D chips. Susquehanna analyst Christopher Rolland also lifted his target, moving to $210 from $180 with a Buy rating. Rolland cited the strength of Nvidia's data center segment and highlighted the upcoming GB300 product line as a catalyst for double-digit revenue growth, supported by higher selling prices and expanding margins. Sign in to access your portfolio

CAVA Group, Inc. (CAVA) 'Just Costs Too Much,' Says Jim Cramer
CAVA Group, Inc. (CAVA) 'Just Costs Too Much,' Says Jim Cramer

Yahoo

time15 minutes ago

  • Yahoo

CAVA Group, Inc. (CAVA) 'Just Costs Too Much,' Says Jim Cramer

We recently published . CAVA Group, Inc. (NYSE:CAVA) is one of the stocks Jim Cramer recently discussed. CAVA Group, Inc. (NYSE:CAVA)'s shares are among the worst performers on the market as they have lost 40% year-to-date. The stock fell by 16.6% in August after the firm's second quarter earnings report saw its revenue miss estimates by $5 million, and it slashed its full-year midpoint same-store sales guidance to 5% from an earlier 7%. Cramer remarked that one reason CAVA Group, Inc. (NYSE:CAVA) is suffering because its prices are too high: '[On recent earnings] Yeah and I do think that when we look at Cava, not mentioned on the call, it's expensive. You're talking about 15 smackers versus go and get a smash burger a couple of drinks, a diet coke. Yeah but Chilli's is ten dollars. Photo by Syed Ahmad on Unsplash Later during the day, Cramer commented on CAVA Group, Inc. (NYSE:CAVA)'s pricing in detail: 'Brett Schulman, who's a very perceptive man, the CEO of CAVA said, 'We have a fluid… macroeconomic climate.' He told Restaurant Business, which is an excellent trade publication, that the macro climate was like a fog, a fog that the consumer's trying to find her way through… He goes on to say, 'I think the consumer is less firm-footed, less ebullient than they were last year… To me, it's pretty clear what's going on. CAVA and Sweetgreen have to lower their prices or give us a couple of much lower-priced dishes if they want to turn things around. For now, they're pricing themselves out of this American market. I get why they're reluctant to cut prices. What business wants to lower margins?… While we acknowledge the potential of CAVA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.

Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook
Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook

Yahoo

time15 minutes ago

  • Yahoo

Deere (DE) Upgraded by Oppenheimer as Robotics Expansion Strengthens Growth Outlook

Deere & Company (NYSE:DE) ranks among the . Following the company's fiscal third-quarter results, Oppenheimer maintained its Outperform rating on Deere & Company (NYSE:DE) and increased its price target from $560 to $566 on August 15. The change follows a 6.8% stock selloff sparked by Deere's quarterly report, which Oppenheimer described as offering investors an alluring entry position as positive signals appear in the markets of Europe and Latin America. Although the end-of-period results were characterized as 'anticipated and better-than-feared,' Oppenheimer pointed out that pessimistic comments to the report were centered on poor end-of-period results, unanticipated negative pricing in Large Agriculture, and increasing tariff expenses. With projections of modest increase led by North American harvest results, clarity on biofuels policy, and performance in used equipment merchandising, the firm maintained expectations at the higher range of the 2026 consensus. Deere & Company (NYSE:DE) is an American company that manufactures agricultural, heavy, and forestry machinery, diesel engines, heavy equipment drivetrains, and lawn care equipment. The company also provides financial services and engages in other business operations. With its AI-powered autonomous tractors, harvesters, sprayers, and other machinery, the company has began venturing into agricultural robotics. One notable instance is the company's See and Spray robots, which are used to spray herbicides and fertilizers. While we acknowledge the potential of DE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store