Posted 10/2/2023, 9:28:54 PM

Detroit Automakers Face Billions in Penalties Under Proposed Fuel Economy Rules, Industry Group Says

Detroit automakers would pay $10.5B in penalties under proposed fuel rules from 2027-2032, per industry group
Group says cutting EV mileage ratings would disproportionately impact Detroit Three vs foreign automakers
Rules would undermine EV investments and slow new projects, group argues
Detroit automakers would pay $2,151 per vehicle to comply vs $546 for foreign automakers
Group urges deferring action until related NHTSA and EPA rules are finished

detroitnews.com

Relevant topic timeline:

9/30/2023

Auto industry group warns Biden's fuel economy plan will cost billions, hurt sales

The Biden administration's plan to raise fuel economy standards through 2032 may result in over $14 billion in fines for automakers and is deemed unfeasible by the Alliance for Automotive Innovation.