On Monday, the Biden administration designed to limit greenhouse gas emissions from passenger cars. By 2026, the Environmental Protection Agency will require carmakers ’fleets to travel an average of about 55 miles per gallon, up from the 37-mile-per-gallon standard held this year.
The agency estimates that this policy will save American drivers between 210 and 420 billion dollars by 2050 on fuel costs. Over the lifetime of the 2026 vehicle model, this will mean around $ 1080 in individual consumer savings after the higher initial costs of a more efficient vehicle are taken into account. The EPA estimates that the policy will also prevent the release of about 3.1 billion tons of carbon dioxide in the same time period.
“We have followed science, listened to stakeholders and set robust and rigorous standards that will aggressively reduce pollution that harms people and our planet – and save families money at the same time,” said EPA Administrator Michael Regan.
The new standards effectively reflect those put forward by the Obama administration . If it weren’t for former President Trump , they would require carmakers to build vehicles that could travel about 51 miles per gallon by 2025.
Jeff Alson, a former senior EPA engineer, said , new standards restore emissions reductions made by the Trump administration. “That’s good, but it won’t bring us even close to the level we need to achieve to reduce vehicle emissions enough to protect the planet,” he said.
We turned to Ford, General Motors, Honda, Toyota and Stellantis for comment on today’s rule-making.
The new standards mark the most significant climate action taken by President Biden to date. , the transportation sector was the largest single source of greenhouse gas emissions in the United States. However, the announcement comes just a day after Senator Joe Manchin of West Virginia said so would not support Democratic Party’s Build Back Better plan. Among other items, the $ 2 trillion plan includes a proposal for up to $ 12,500 in individual tax subsidies for Americans buying EVs as their next car.
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