Beyond the legal and scientific arguments the Environmental Protection Agency (EPA) has advanced to repeal the agency’s endangerment finding on greenhouse gases, the Trump administration is framing the decision as a matter of affordability. While the White House projects thousands of dollars in savings on new vehicles, observers caution that the economic benefits will not likely be seen immediately.
“Vehicle makers have very long planning cycles, and the revocation of the endangerment finding won’t have much practical impact in the near term,” Bracewell’s Jeffrey Holmstead, a former top air official at the EPA, told Bloomberg.
