Published July 28, 2023 3:03pm EDT
Biden admin unveils latest effort to crack down on gas-powered cars, push EVs
Biden agency admits new fuel standards expected to raise car prices
By Thomas Catenacci | Fox News
The Biden administration proposed new fuel economy standards for passenger cars and light trucks which it said would save Americans hundreds of dollars at the gas pump — but will also drive car prices higher.
The new Corporate Average Fuel Economy (CAFE) standards — unveiled Friday by the Department of Transportation's National Highway Traffic Safety Administration (NHTSA) — requires passenger cars and light trucks to improve fuel efficiency 2% and 4%, respectively, beginning in 2027. Under the rules, pickup trucks and work vans must boost fuel efficiency 10% every year starting in 2030.
By 2032, the agency said average U.S. fleet fuel economy could reach 58 miles per gallon. According to the Environmental Protection Agency (EPA), the estimated average fuel economy for model year 2022 cars was 26.4 miles per gallon, meaning the proposed standards Friday would mandate automakers more than double fuel efficiency in less than a decade or face substantial penalties.
"Better vehicle fuel efficiency means more money in Americans’ pockets and stronger energy security for the entire nation," Transportation Secretary Pete Buttigieg said in a statement.
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https://www.foxnews.com/politics/biden-admin-unveils-latest-effort-crack-down-gas-powered-cars
