India will not extend an April 2022 deadline to tighten fuel efficiency standards, in a setback for carmakers which are lobbying for more time, government and industry sources say.
The United States needs to set a target to slash its greenhouse gas emissions between 57% and 63% below 2005 levels by 2030 in order to achieve the Biden administration's longer-term goal of net-zero emissions by 2050, according to a new analysis.
India will make public within 15 days details of a "cash for clunkers" scheme which would spur around 10 billion rupees ($1.4 billion) in new investment and create as many as 50,000 jobs.
The Trump administration has agreed to an auto industry request to delay the start of dramatically higher penalties for companies that fail to meet fuel efficiency requirements, a move that could save the industry hundreds of millions of dollars or more.
