Best Practices For Auto Boards During Industry Revolution

The Nikola case stands at the intersection of several emerging risk areas in the automotive industry. For example, as regulators in the U.S. and European Union continue to ratchet up the pressure on climate change goals, and environmental, social and corporate governance, boards need to be extra careful about their companies’ commitments to going carbon neutral and the efficacy of electric vehicles.

That means putting clear plans and metrics in place to ensure appropriate follow-through and effective communications with investors so that they are well-informed about the caveats, risks and limitations.

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CARB Proposes 2040 Zero Emissions Mandate for Medium- and Heavy-Duty Trucks

On September 9, 2021, the California Air Resources Board (CARB or the Agency) released a draft proposal for the Agency’s Advanced Clean Fleets (ACF) regulation, which would mandate zero emissions for all new medium- and heavy-duty trucks sold in the state beginning in 2040. The draft proposal provides an exemption for authorized emergency vehicles. (more…)

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