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NHTSA: New Fuel Economy Rules Imminent
The U.S. National Highway Traffic Safety Administration says it plans to issue new light-vehicle fuel efficiency standards for 2017-2025 "soon" despite a call by Republican lawmakers for a complete reassessment of the regulations.
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The U.S. National Highway Traffic Safety Administration says it plans to issue new light-vehicle fuel efficiency standards for 2017-2025 "soon" despite a call by Republican lawmakers for a complete reassessment of the regulations.
The rules are expected to require carmakers to nearly double the current fuel economy of light vehicles to average 54.5 miles per gallon by 2025.
Three senior Republicans in the House of Representatives asked the Obama administration on Tuesday to return the standards to government agencies for further consideration of the "adverse consequences to consumers and the economy." The lawmakers reiterated their complaints that the regulations will restrict consumer choice, raise vehicle costs and compromise safety.
The rules will cost the auto industry $157.3 billion but save Americans $1.7 trillion at the pump, according to the White House. It estimates that the technology to meet the standards will add about $2,000 to the average vehicle price by 2025.
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