are felt around the world. With many lawmakers looking for ways to mitigate these effects, it seems the way we drive our cars is heading toward a significant change.
, BMW, Volvo, Honda, and Ford to continue to cut car emissions.
The Trump administration cut this initial deal of a 3.7% annual mileage increase for models built through 2026 to 1.5%.
During Trump’s presidency, many who supported better fuel-efficiency for cars felt like America fell behind on its original goals.
The Biden administration's emissions reduction plan through 2026 and beyond
MORE: Audi A1 Cancelled Amid New Emissions Regulations
Some now think the plan put forth by the Biden Administration is much too late, as they believe we've already crossed a threshold of climate change from which we can't return.
Others think it's still a noble goal, with the new plan intended to exceed the goals set by the Obama administration.
reports that by 2025, the goal is to increase standards for mileage to 5%, then up it one or two percent higher for 2026. By 2030, President Biden aims to, at minimum, halve all greenhouse gas emissions from the U.S.
So how might this ultimately affect you and your insurance rates?
How will more efficient cars affect your driving?
With more electric vehicles (EVs) on the market than ever before, and the
explains, certain electric models can add as much as 45% to your premium, though this does appear to be changing somewhat. Some EVs do cost less to insure than similar gas-powered alternatives, but this is not the norm.
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