In accordance with California Governor Gavin Newsom’s Zero-Emission By 2035 Executive Order, the California Air Resources Board (CARB) is developing a ban on the sale of new internal combustion engine (ICE) vehicles by 2035.

But in Stillwater’s recent analysis of the two scenarios in CARB’s 2020 Draft Mobile Source Strategy (MSS), one scenario will result in increased costs to a gallon of gasoline and diesel, $1.70 and $4.27 respectively, and a $1.5 billion annual decline in state revenue. Read the entire report: https://stillwaterassociates.com/possible-market-implications-of-californias-efforts-to-ban-internal-combustion-engines/