McCarthy Signals Vehicle Electrification Focus But Hedges On Mandates

White House domestic climate adviser Gina McCarthy is signaling the Biden administration intends to pursue vehicle electrification strategies through some combination of regulations, incentives and investments, framing the effort as bolstering auto industry initiatives already underway and as part of broader efforts to achieve carbon cuts over the coming decade. McCarthy flagged the issue as part of broader remarks March 25 to the Ceres sustainable investment group on the administration’s activities, as it moves to develop a domestic climate change...