Impact of President Biden's new emissions standards for trucks on the economy
Kevin O'Leary from 'Shark Tank' warns that President Biden's new emissions standards for trucks could cause economic turmoil due to technology limitations and potential negative impact on small businesses.
Key Points
- Kevin O'Leary warns of economic turmoil due to technology limitations
- EPA's new emissions regulations target model-year 2027 trucks and beyond
- Concerns raised about availability of electric trucks and charging infrastructure
Pros
- Supports climate goals
- Cuts emissions in transportation sector
Cons
- Technology limitations
- Potential negative impact on small businesses
- High cost of trucks