The White House formally announced its plan to hike US fuel costs by $23 billion today, in the form of a new proposed rule cutting fuel efficiency requirements.
Update 12/3: This article has been updated to reflect the formal announcement of the proposed rule.
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America voted for inflation, and it got it today, as republicans running the Department of Transportation bowed to their oil donors and finalized a rule to make your cars less efficient, thus costing America an extra $23 billion in fuel costs.
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Sean Duffy, who was just confirmed as Secretary of Transportation on the back of the transportation “expertise” he showed as a contestant on Road Rules: All Stars, a reality TV travel game show, wasted no time in promising to raise your fuel costs by at least $23 billion on his first day.
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The Department of Transportation has finalized its newest Corporate Average Fuel Economy (CAFE) standards, requiring an increase in fuel economy that will reduce pollution and save Americans $23 billion in fuel costs. But like other recently adopted standards, they are nevertheless softer than the administration had originally sought.
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The National Highway Traffic Safety Administration ruled that heightened fines on automakers that fail to meet Corporate Average Fuel Economy requirements on 2019 and later vehicles would be reinstated. The decision is a big hit to high-polluting automakers and the lobby group that supports them, and a win for EV makers.
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All automakers have dropped support for a lawsuit that threatened California’s long-held legal ability to set its own emissions rules, as reported by Reuters.
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Four big automakers have cut a deal with California to adopt the state’s vehicle emissions rules in a compromise agreement, bypassing the Trump administration’s plan to freeze fuel economy standards.
The Trump administration said late last week it was suspending an Obama-era regulation that increased penalties for automakers failing to meet fuel efficiency requirements.
As the Trump administration prepares to unveil its finalized fuel economy rollback, more states than ever are seeking an end to the proposal, as 24 governors have signed a pledge asking the federal government not to weaken fuel standards.
As the Environmental Protection Agency and National Highway Traffic Safety Administration prepare to unveil the planned rollback of fuel economy standards soon, major investors in auto companies are the latest group to publicly voice their concerns about the proposal.
The Trump administration has “settled on the key details” of its plan to roll back fuel economy standards, according to a new report. And automakers are now preparing for a future where some states purposely follow stricter rules than others.
Global fuel economy has improved during a 12-year span, but those gains have slowed in more recent years, raising concerns about reaching future fuel economy goals.
During a press conference late Wednesday night, Governor Jerry Brown announced that California Democratic lawmakers abandoned the drastic fuel economy provision from the Clean Energy and Pollution Reduction Act, which is currently being discussed in the State Assembly.
The provision in question was a requirement for a reduction of 50 percent of fuel used in cars and trucks in the state by 2030, which would have forced automakers to improve fuel efficiency and offer more electric vehicles in the state of California.
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