On August 5th, Joseph Robinette Biden Junior signed “Executive Order on Strengthening American Leadership in Clean Cars and Trucks.“ It instructs various entities within the executive branch such as the Department of Transportation and Environmental Protection Agency to work towards better truck emission standards on all vehicles, especially heavy-duty trucks and their engines.
Truck Emissions Executive Order
The Executive Order has a few goals to reach for the trucking industry in regards to 2030 models and earlier:
- Lower nitrogen oxide emissions (not to be confused with nitrous oxide – laughing gas).
- Lower greenhouse gas (carbon dioxide, methane, etc.) emissions.
- Better fuel efficiency standards.
The Executive Order also calls for various departments and agencies to work on strengthening the domestic supply chain for the automotive industry and to encourage states to follow standards previously set by California.
The Bottom Line
If you want our opinion on the Executive Order, we believe it focuses on the wrong direction of making the environment healthier.
The older the vehicle, the more truck emissions it brings. The average truck on the road is a decade old at this point. Rather than putting better trucks on the road, society should focus on retiring older trucks. One way this could be achieved is by repealing the Federal Excise Tax, making newer trucks easier to buy so truck turnover increases.
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About Go Capital
Go Capital specializes in providing funding for small to medium-sized trucking businesses that are looking to buy a used truck or trailer to expand the fleet. Even if your credit is not the greatest, we can work with you to get you or your employee behind the wheel and start generating cash!
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