Vice-President Kamala Harris said Monday that the U.S. would propose new emissions standards for heavy-duty vehicles. The plan also revealed more details on how federal infrastructure spending would contribute to a 10-fold funding increase for clean transit buses, and said the first round of school bus funding will be released in the next few months. (The Logic)
Talking point: Investors seem to see an upside for Canadian companies with U.S. operations like Saint-Jérôme, Que.-based Lion Electric, which makes electric school buses and trucks, and Winnipeg-based NFI, which makes buses powered by fuels like clean diesel, batteries and hydrogen fuel cells. Lion Electric’s Toronto-listed shares were up about 10.5 per cent while NFI Group’s were up more than seven per cent. The White House plan calls for a rule that would cut nitrogen-oxide emissions for new trucks by up to 90 per cent by 2031, targeting traditional combustion engines.