guzzler

“The problem is that with the exception of Tesla, American car companies keep trying to export gas guzzlers that South Koreans won’t buy when they should be trying to sell more electric vehicles,” Lee said.

“This important update from the Department of Energy will curtail automakers’ use of phantom credits they used to keep selling gas guzzlers.

In addition, China has pushed a variety of consumer incentives and strengthened regulations that make electric vehicles easier to buy and drive than gas guzzlers.

A top U.S. trade official said Thursday the Biden administration is acutely aware of threats posed by China as America looks to ditch gas guzzlers in favor of climate-friendly electric vehicles.

With gasoline consumption having topped out in the U.S., the world's top gas guzzler, in 2019 and China set to peak around next year, global gasoline markets could move into a surplus from 2025.