(Daily Caller) The Biden administration proposed a new and ambitious set of fuel economy standards for cars and light-duty trucks Friday, its latest move to prod American consumers towards adopting electric vehicles (EVs).
The National Highway Traffic Safety Administration (NHTSA), a subagency of the Department of Transportation (DOT), unveiled the updated Corporate Average Fuel Economy (CAFE) standards, which would require cars and lighter trucks to improve their respective fuel efficiencies by 2% and 4% starting in 2027, accordingto a DOT press release announcing the proposal.
The rule would also mandate work vans and pickup trucks to increase their fuel efficiencies by 10% each year, starting in 2030, according to the DOT press release. If manufacturers fail to meet the stipulations of the proposed CAFE standards, they will have to pay punitive fines to the government, according to the rule’s text.
General Motors voiced its concerns to the Biden administration about prospective new fuel economy standards, telling administration officials in mid-July that such standards could cost American automobile manufacturers as much as $100 billion in 2031 and $300 billion over a five-year timeline, according to Reuters. The administration reportedly dismissed General Motors’s concerns, telling the company that their analysis was incorrect.
“This is an EV mandate and further evidence that the elites want normal people to hoof it or take the bus,” Dan Kish, senior fellow at the Institute for Energy Research, told the Daily Caller News Foundation. “Americans had better wake up, because cars will soon be so expensive that people won’t be able to afford them.”
Biden’s EPA Will Use New Regulations To Bury Coal Industry https://t.co/k89Irz20Q0
— Daily Caller (@DailyCaller) July 31, 2022
