President Joe Biden will sign an executive order Thursday that sets a target of 50 percent electric vehicle sales share in the U.S. automobile market by 2030.
Also, at 3 PM ET, the President will announce a set of new actions aimed at advancing smart fuel efficiency and emission standards in the country, and increasing the impact of his proposed Build Back Better investments.
The actions that his Administration is taking to strengthen American leadership on clean cars and trucks will drive the electric vehicle future forward, outcompete China, and tackle the climate crisis, the White House said.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.