EPA finalizes tougher new fuel economy rules
Fox News
The EPA has finalized new fuel economy rules that will require automakers to meet a fleet average of 40 mpg by 2026.
John Bozzella, president and CEO of the Alliance for Automotive Innovation, which represents most consumer automakers, called the plan "aggressive" and said meeting the standards "will undoubtedly require enactment of supportive governmental policies – including consumer incentives, substantial infrastructure growth, fleet requirements, and support for U.S. manufacturing and supply chain development."
The EPA announcement comes just a day after it became clear that President Biden's Build Back Better plan, which included a new maximum federal tax credit for electric vehicle purchases of $12,500, was unlikely to pass in its current form.
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