The United States' Environmental Protection Agency

by:BrightMart     2020-05-29
The EPA has put into force several programs and laws with the aim of the protection of the land, water, air and the rising problem of hazardous waste. One of the major laws passed by the EPA is the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). This act basically means any pesticide which must be legally sold can only do so after extensive research on that particular pesticide, every aspect of the chemical is studied and whether it could damage us or our environment in any which way. Another important law passed by the EPA is in context to the estimated mileage a car is supposed to give you when first bought. This estimate is given by the EPA after they make the car undergo a bunch of tests. The EPA collects the emissions released by the car in order to determine the number of liters it will run for per gallon. This is a highly important rule for all automobile manufacturers to follow, the most recent issue regarding this law being the Hyundai and Kia motors case which has been in the limelight for the past few days. If you have not read much on this following issue, let's look at what exactly happened. The U.S Environmental protection agency (EPA) found that the mileage of 13 cars from the Hyundai and Kia stable have been overstated by the company. They have blamed it on procedural differences, however, that is no excuse for overstating the mileage and cheating the buyers. This is a grave issue for the two companies as their share prices have dropped by 7.5%, the biggest fall observed in over a year. The EPA plans to take stringent action against these companies and they will have to re compensate the buyers. This is going to be a potential lawsuit which could cost the automobile companies a large chunk of money. Also, apart from the money the brand image is ruined and the trust people have had on Hyundai motors will no longer remain. Let's see how this whole problem pans out for Hyundai and Kia motors and how they get themselves out of such a sticky situation.
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