U.S. lowers vehicle fuel economy standards to 34.5 mpg by 2031, increasing emissions and fuel costs
freep.comThe U.S. Transportation Department is set to finalize sharply lower vehicle fuel economy standards through 2031, reversing the previous administration's push for more efficient cars. The new rules cut the required average fuel economy to 34.5 mpg by 2031, down from 50.4 mpg under the prior rules. The department estimates this will reduce average new vehicle costs by $930 but increase fuel consumption by about 100 billion gallons through 2050, raising fuel spending by $185 billion and CO2 emissions by roughly 5%. Automakers will have less incentive to build electric vehicles, a shift that could slow the clean energy transition. Critics argue the move hands the EV market to China and forces drivers to pay more at the pump over time. The decision comes amid high fuel prices linked to the U.S.-Iran conflict.
