Folks are very much underestimating how much this formula change will make the product useless. VOCs are the active ingredient in WD-40. They are what makes it work. Penetrating oil is a VOC because solvents are what allow it to penetrate. It's why WD40 has such a distinctive smell. Their alternative formulation will be garbage.

In the end people will be making their own with starter fluid and acetone which will likely be exempt from the ban despite being VOCs.

Edit: Folks seem to think it's the propellant that's what's being regulated. It's not. It's the volitile organic compounds that allows it to penetrate. Seems they're mostly reducing them instead of banning them, which we've already done in many states.