DOT, EPA Finalize Rule on Fuel Economy Standards

The final rule will increase the stringency of CAFE and CO2 emissions standards by 1.5% each year through model-year 2026, as compared with the standards issued in 2012, which would have required about 5% annual increases. This is a change from the proposal issued in 2018. The majority of automakers are not meeting the 2012 standard without resorting to the use of credits…