"Biden Admin To Hike Fuel Economy Standards"

"The Transportation Department proposed Friday raising fuel efficiency requirements for cars and light trucks by about 20 percent over six years, a move the Biden administration said will help achieve its climate goals while saving drivers money at the gas pump.

Under the proposal, the corporate average fuel economy (CAFE) standard would rise from 49 mpg in 2026 to 58 mpg in 2032.

While that’s not as stringent as EPA’s proposed rule to reduce greenhouse gas emissions from the auto sector, Transportation Department officials said it would still be a benefit for consumers and is on solid-enough legal footing that it can survive the inevitable legal challenges.

The National Highway Traffic Safety Administration estimated the change will result in a net savings of $18 billion over the rule’s lifetime, cut gasoline consumption by 88 billion gallons through 2050 and reduce carbon dioxide emissions by 900 million tons over the same time period."

Mike Lee reports for E&E News July 28, 2023.

SEE ALSO:

"Biden Administration Moves to Tighten Fuel Economy Rules" (New York Times)

 

Source: E&E News, 07/31/2023