PASADENA, CALIFORNIA - SEPTEMBER 23: Tesla electric vehicles (EVs) recharge at a Tesla Supercharger station on September 23, 2024 in Pasadena, California. The California Air Resources Board announced that California’s carbon dioxide emissions dropped 2.4 percent in 2022, even as the economy rebounded from the COVID-19 pandemic, primarily due to electric vehicle use and cleaner fuels. (Photo by Mario Tama/Getty Images)

PASADENA, CALIFORNIA - SEPTEMBER 23: A person charges a Tesla electric vehicle at a Tesla Supercharger station on September 23, 2024 in Pasadena, California. The California Air Resources Board announced that California’s carbon dioxide emissions dropped 2.4 percent in 2022, even as the economy rebounded from the COVID-19 pandemic, primarily due to electric vehicle use and cleaner fuels. (Photo by Mario Tama/Getty Images)

LOS ANGELES, CALIFORNIA - SEPTEMBER 23: A motorist drives a Tesla electric vehicle (EV) (Lower C) on the 101 freeway during the morning commute on September 23, 2024 in Los Angeles, California. The California Air Resources Board announced that California’s carbon dioxide emissions dropped 2.4 percent in 2022, even as the economy rebounded from the COVID-19 pandemic, primarily due to electric vehicle use and cleaner fuels. (Photo by Mario Tama/Getty Images)

NEW YORK, NEW YORK - SEPTEMBER 23: (L-R) Professor of Business and Public Policy Professor Karthik Ramanna, US Commanding Gen. Andrew Poppas, and NobleReach Foundation CEO Arun Gupta speak onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on September 23, 2024 in New York City. (Photo by John Lamparski/Getty Images for Concordia Summit)

NEW YORK, NEW YORK - SEPTEMBER 23: Professor of Business and Public Policy Professor Karthik Ramanna speaks onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on September 23, 2024 in New York City. (Photo by John Lamparski/Getty Images for Concordia Summit)

LOS ANGELES, CALIFORNIA - SEPTEMBER 23: A motorist drives a Tesla electric vehicle (EV) (Lower C) on the 101 freeway during the morning commute on September 23, 2024 in Los Angeles, California. The California Air Resources Board announced that California’s carbon dioxide emissions dropped 2.4 percent in 2022, even as the economy rebounded from the COVID-19 pandemic, primarily due to electric vehicle use and cleaner fuels. (Photo by Mario Tama/Getty Images)

NEW YORK, NEW YORK - SEPTEMBER 23: (L-R) Professor of Business and Public Policy Professor Karthik Ramanna, Commanding Gen. Andrew Poppas of the Army Forces Command, NobleReach Foundation CEO Arun Gupta and Executive VP & Managing Director of Burson Shaila Manyam speak onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on September 23, 2024 in New York City. (Photo by John Lamparski/Getty Images for Concordia Summit)

Construction workers work on the roof of a house being built in Alhambra, California on September 23, 2024. The Federal Reserve's interest rate cut last week has given prospective home buyers lower borrowing costs as the half-percentage-point cut lowered rates from a 23-year-high where it had been for more than a year. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)