Environmental regulators in California and five automakers finalized a deal this week that would voluntarily cut emissions among new cars over time and bring to market more electric vehicles in that state, and other states that follow similar emissions guidelines.
The deal was announced Monday by the California Air Resources Board, which said Ford, Volkswagen Group, Honda, and BMW finalized plans announced last year to reduce emissions. That agreement was made in spite of a federal push to rollback Obama-era fuel-economy standards that the current Trump administration claimed were too onerous and harmful to the nation’s economy.
Initially, the June 2019 agreement between CARB and the automakers, which later included Volvo, was targeted by the U.S. Department of Justice for potential antitrust violations. Those allegations were later dropped.
The final deal strikes a…