Publication date: June 8, 2024
Biden Administration Implements Stricter Fuel Economy Standards for 2031

Biden Administration Implements Stricter Fuel Economy Standards for 2031

The Biden administration has introduced enhanced fuel economy standards that will propel new vehicle efficiency beyond 50 miles per gallon.

Policy

The Biden administration has recently implemented more stringent fuel economy standards for cars and SUVs. These rules are projected to elevate the average efficiency of new vehicles above 50 miles per gallon. The government forecasts that these enhanced standards will lead to approximately $600 in gas cost savings over the lifespan of a new vehicle. This move signifies a pivotal step towards promoting greater energy efficiency and reducing fuel consumption in the transportation sector.