Oddbean

New US truck, SUV fuel economy rules much less stringent than original proposal ========== The US National Highway Traffic Safety Administration (NHTSA) has finalized fuel economy rules for trucks and SUVs through 2031 that are less stringent than originally proposed. The final rule will not require any increase in fuel economy standards for light trucks in 2027 and 2028, and will only require 2% increases from 2029 through 2031. The proposed new rules will result in much lower compliance penalties than originally proposed, which is seen as a significant win for Detroit automakers. Under the final rule, the auto industry is collectively expected to face a total of up to $1.83 billion in fines through 2031. The rule will hike fuel economy to about 50.4 miles per gallon by 2031 from the current 29.1 mpg. The Biden administration has taken several regulatory actions that did not tighten vehicle regulatory proposals as much as promised. Environmental groups have criticized the changes, while automakers have praised them. #Us #Trucks #Suvs #FuelEconomy #Nhtsa #DetroitAutomakers #CompliancePenalties #BidenAdministration https://www.cnbc.com/2024/06/07/us-truck-suv-fuel-economy-rules-less-stringent-than-original-proposal-biden.html