The final standards are expected to lower CO2 emissions by approximately 1.1 billion metric tons, save vehicle owners fuel costs of about $170 billion, and reduce oil consumption by up to 2 billion barrels over the lifetime of the vehicles sold under the program. Overall, the program will provide $230 billion in net benefits to society, including benefits to the climate and Americans’ public health. Specifically, the EPA says these benefits outweigh costs by about an eight-to-one ratio.
Thursday, August 18, 2016
Fuel-Efficiency Standards Finalized for Heavy-Duty Trucks
The "U.S. Environmental Protection Agency and the U.S. Department of Transportation's National Highway Traffic Safety Administration have finalized new standards for medium- and heavy-duty vehicles that will improve fuel efficiency and reduce carbon pollution while also strengthening national energy security and manufacturing innovation."
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