Automakers in the U.S. are experiencing diminished incentives to enhance fuel economy as current administration policies aim to roll back efficiency regulations. The IRS clean vehicle tax credit is set to expire, further hampering electric vehicle adoption. The government has decided not to impose fines on automakers exceeding fuel economy limits retroactively from model year 2022, a significant shift from past practices. Under the Biden administration, fines were increased substantially. This change could lead to additional gasoline consumption and higher prices for consumers in the long run.
“Average fuel economy has doubled over the last 50 years, meaning drivers save thousands in gas money every year thanks to this program. Weakening this program, either by changing the rules or repealing it outright, means everyday Americans will have to buy more gas, and more demand for gas means higher gas prices. That's not what we need right now.”
“The federal government has decided it will not levy any fines on companies that have exceeded the corporate average fuel economy limits dating back to model year 2022.”
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