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Flyguy
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https://www.wsj.com/articles/biden-administration-regulation-congress-white-house-economy-fc63c5d9?mod=trending_now_opn_2
Passenger cars would have to achieve 66.4 miles a gallon in 2032, up from 44.1 mpg last year. The ramp-up for trucks and SUVs is even steeperâto 54.4 mpg from 32.1 mpg. Auto makers will have no way to comply but to make more EVs.
Hereâs the kicker: The Energy Department is also proposing to reduce the âmiles per gallon equivalentâ for EVs. For example, the F-150 Lightningâs rating would decline to 67 mpg from 237 mpg. This means auto makers will have to produce even more EVs to meet Cafe mandates. Theyâll be fined if they fall short.
A GM presentation to the White House estimated that industry penalties could total $300 billion, or about $4,300 per vehicle, from 2027 to 2031. Consumers and workers will pay the cost, and for what? The Administration claims the proposal will reduce CO2 emissions through 2050 by 885 million metric tonsâabout half as much as Canadaâs wildfires are projected to release this year.
Passenger cars would have to achieve 66.4 miles a gallon in 2032, up from 44.1 mpg last year. The ramp-up for trucks and SUVs is even steeperâto 54.4 mpg from 32.1 mpg. Auto makers will have no way to comply but to make more EVs.
Hereâs the kicker: The Energy Department is also proposing to reduce the âmiles per gallon equivalentâ for EVs. For example, the F-150 Lightningâs rating would decline to 67 mpg from 237 mpg. This means auto makers will have to produce even more EVs to meet Cafe mandates. Theyâll be fined if they fall short.
A GM presentation to the White House estimated that industry penalties could total $300 billion, or about $4,300 per vehicle, from 2027 to 2031. Consumers and workers will pay the cost, and for what? The Administration claims the proposal will reduce CO2 emissions through 2050 by 885 million metric tonsâabout half as much as Canadaâs wildfires are projected to release this year.