On April 12, the EPA announced its proposed emissions standards for vehicles built from 2027, with the National Highway Traffic Safety Administration (NHTSA) to also propose an update to the Corporate Average Fuel Economy (CAFE) standards soon. Major manufacturers have already embraced the transition to electric vehicles (EVs) that would meet the new standards and avoid 7.3 billion tons of global warming emissions through 2055. The high cost of EVs is still a deterrent, although updated consumer tax credits are expected to be announced next week. Both the EPA and NHTSA proposed rules will have public comment periods and are expected to be finalized in 2024.
EPA Proposes Carbon Emissions Rules for Vehicles Built from 2027-2032
Published on April 14, 2023
Recent News
Rental Homes Constructed at Record Pace in 2023
May 17, 2024
CPI Finds Inflation Slowing in April
May 17, 2024
FSOC Report: Risks of Non-Bank Mortgage Companies
May 17, 2024
Prudential Regulators Testify Before HFSC and SBC
May 17, 2024