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Stricter Fuel Efficiency Rules Finalized in U.S.
The Obama administration has issued fuel economy standards for the 2017-2025 model years that will nearly double the average efficiency of new cars and light trucks sold in the U.S. over the next 13 years to 54.5 miles per gallon.
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The Obama administration has issued fuel economy standards for the 2017-2025 model years that will nearly double the average efficiency of new cars and light trucks sold in the U.S. over the next 13 years to 54.5 miles per gallon.
The White House says the new regulations will halve greenhouse gas emissions by 2025 and reduce carbon dioxide exhaust by 6 million tons during the eight-year program.
Most automakers support the plan. But Volkswagen AG and Daimler AG did not because they consider the rules unfair to carmakers selling fuel-efficient diesel models.
The regulations will cost the auto industry an estimated $157 billion (€125 billion) and hike prices about $3,000 (€2,400) per vehicle, according to the government. It predicts the rules will save Americans $1.7 trillion (€1.4 trillion) in fuel expenses, or $8,000 (€6,400) during a vehicle's lifetime.
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