Citing EV Investments, NHTSA Finalizes Eased Fuel Economy Standards

The National Highway Traffic Safety Administration (NHTSA) is finalizing significantly weaker fuel economy standards for internal combustion vehicles than proposed, with Biden officials arguing that the new standards give manufacturers room to make significant investments to electrify the fleet. The final corporate average fuel economy (CAFE) rules released June 7 will require a 2 percent annual efficiency increase for light trucks from model year (MY) 2029 to 2031, and a 2 percent annual boost for passenger cars from MY27-31. This...