The year 2035 may seem far away, but it's really only about ten years out. And, currently, that's a significant date for CRE investors, owners, and developers because a number of states are already planning the end of internal combustion automobile sales, according to Money.
The list of eight currently includes California, Maryland, Rhode Island, Massachusetts, New Jersey, New York, Oregon, Washington, and the District of Columbia. All have large coastal areas that stand to face some of the worst exposure to climate change, hence the push to reduce emissions.
And then, Virginia, where Governor Glenn Youngkin says they will not ban sales of gas cars, have emissions standards tied to those of California, which are the strictest in the country. Delaware and Colorado haven't adopted the 2035 ban, but 82% of cars sold in 2032 have to be zero emission models. New Mexico also plans on targets for sales of zero-emission cars.
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