Market
Biden's EV Funding Rescinded by Trump Administration in 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the U.S. Department of Energy or federal budget reports
Story
Biden Sets Ambitious Goal to Cut Emissions Up to 66% by 2035 Before Trump Takes Office
Dec 19, 2024, 10:55 AM
The Biden administration has set ambitious new climate targets, pledging to reduce U.S. greenhouse gas emissions by 61% to 66% from 2005 levels by 2035. Describing this move as a 'capstone' on his legacy, President Biden announced the goals just weeks before President-elect Donald Trump is set to take office. The new targets are part of the Paris Agreement, under which member nations update their emission cut targets every five years. Despite the impending change in administration, officials state that much of the progress can happen without federal support, relying on state, city, and local leaders to keep climate action alive. Additionally, Biden approved billions in funding for electric vehicles before leaving office.
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No • 50%
Yes • 50%
Expansion of policies • 25%
Partial rollback • 25%
Complete rollback • 25%
No rollback • 25%
Fully discontinued • 33%
Partially reduced • 33%
Unchanged • 34%
