Latest news with #Chrysler-parent
Indian Express
3 days ago
- Automotive
- Indian Express
US declares Biden fuel economy rules exceeded legal authority
The Transportation Department paved the way for looser US fuel economy standards on Friday by declaring that former President Joe Biden's administration exceeded its authority by assuming high uptake of electric vehicles in calculating rules. The department made the declaration as it published a final 'Resetting the Corporate Average Fuel Economy Program' (CAFE) rule. A future separate rule from the administration of President Donald Trump will revise the fuel economy requirements. 'We are making vehicles more affordable and easier to manufacture in the United States. The previous administration illegally used CAFE standards as an electric vehicle mandate,' said Transportation Secretary Sean Duffy in a statement. The department's National Highway Traffic Safety Administration (NHTSA), in writing its rule last year under Biden, had 'assumed significant numbers of EVs would continue to be produced regardless of the standards set by the agency, in turn increasing the level of standards that could be considered maximum feasible,' it said Friday. Duffy in January signed an order directing NHTSA to rescind fuel economy standards issued under Biden for the 2022-2031 model years that had aimed to drastically reduce fuel use for cars and trucks. Late Thursday, Senate Republicans proposed eliminating fines for failures to meet CAFE rules as part of a wide-ranging tax bill – the latest move aimed at making it easier for automakers to build gas-powered vehicles. Last year, Chrysler-parent Stellantis paid $190.7 million in civil penalties for failing to meet US fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017. Stellantis said it supported the Senate Republican proposal 'to provide relief while DOT develops its proposal to reset the CAFE standards… The standards are out of sync with the current market reality and immediate relief is necessary to preserve affordability and freedom of choice.' GM declined to comment. NHTSA in June 2024 under Biden said it would hike CAFE requirements to about 50.4 miles per gallon (4.67 liters per 100 km) by 2031 from 39.1 mpg currently for light-duty vehicles. The agency last year said the rule for passenger cars and trucks would reduce gasoline consumption by 64 billion gallons and cut emissions by 659 million metric tons, cutting fuel costs with net benefits it estimated at $35.2 billion.
Time of India
4 days ago
- Automotive
- Time of India
US Senate Republicans propose eliminating fuel economy fines for automakers
U.S. Senate Republicans on Thursday proposed eliminating fines for failures to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill - the latest move aimed at making it easier for automakers to build gas-powered vehicles . Last year, Chrysler-parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017. Thursday's proposal also makes emissions credits sold by Tesla less valuable as rivals won't have to pay Tesla to meet requirements. The lawmakers estimated it would save automakers $200 million. GM and Chrysler did not immediately comment. U.S. House Republicans are pursuing similar aims but with a different approach. Last month they proposed repealing planned hikes in fuel economy requirements as well as vehicle emissions rules adopted under the Biden administration . The House bill would also kill a $7,500 tax credit for new electric vehicles , impose a new $250 annual fee on EVs for road repair costs and would phase out EV battery production tax credits in 2028. The two chambers have also voted to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035 which has been adopted by 11 other states representing a third of the U.S. auto market. That bill is currently awaiting U.S. President Donald Trump's signature. The Transportation Department is expected to declare that fuel economy rules issued under Biden exceeded the government's legal authority by including EVs. Last year, the National Highway Traffic Safety Administration said it would hike fuel economy rules to an average of 50.4 miles per gallon (4.67 liters per 100 km) by 2031 - up from 39.1 mpg for light-duty vehicles. It warned the auto industry collectively was expected to face a total of $1.83 billion in fines through 2031.
Yahoo
4 days ago
- Automotive
- Yahoo
Senate Republicans propose to eliminate fuel economy penalties
WASHINGTON (Reuters) -Senate Republicans on Thursday proposed eliminating fines for automakers who fail to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill, a boost to Detroit automakers selling gas-powered vehicles. Last year, Chrysler-parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017. Sign in to access your portfolio
Yahoo
4 days ago
- Automotive
- Yahoo
Senate Republicans propose to eliminate fuel economy penalties
WASHINGTON (Reuters) -Senate Republicans on Thursday proposed eliminating fines for automakers who fail to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill, a boost to Detroit automakers selling gas-powered vehicles. Last year, Chrysler-parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 days ago
- Automotive
- CNBC
Senate Republicans propose to eliminate fuel economy penalties
Senate Republicans on Thursday proposed eliminating fines for automakers who fail to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill, a boost to Detroit automakers selling gas-powered vehicles. Last year, Chrysler-parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017.
