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New efficiency standards for cars in the US estimate savings of $1,400 in gasoline for consumers

New efficiency standards for cars in the US estimate savings of $1,400 in gasoline for consumers

April 3, 2022 by alex Leave a Comment

The measure will come into force gradually from 2024, with progressive increases in consumption efficiency.

Photo: Scott Olson/Getty Images

The new fuel efficiency standard, announced for new cars from 2026, seeks consumers have savings estimates up to $1,400 over the life of the vehicle.

This week, the National Highway Traffic Safety Administration (NHTSA) announced new requirements for fuel efficiency for new vehicles.

The new regulation states that by 2026, all new vehicles sold in the United States must average 40 miles per gallon of gasoline they consume.

The new data is just under double the norm established in the Donald Trump administration, determined at 28 miles per gallon of gasoline.

The regulations not only seek to make cars more efficient and reduce their carbon dioxide emissions, but that drivers also lower their consumption levels and therefore spend less on fuel.

According to the calculation made by the authorities, a new vehicle from 2026 will reduce your consumption by up to 220,000 gallons of gasoline during its useful life.

This should translate into savings for the economy of consumers, which were estimated for 2029 in $1,400 dollars over the life of the vehicle.

A gradual advance to improve efficiency

The NHTSA ensures that the new efficiency standards are in the edge of the maximum possibilities that the automotive industry can meet.

The adjustments in terms of efficiency will be gradual: 8% more for 2024 and 2025 vehicles and 10% for models from 2026.

For the Secretary of Transport, Peter Buttigieg, the new regulations are in line with the strategy presented by the president, Joe Biden, for the country to move towards true energy independence.

“(It will help) the freedom of our country to chart its future without being subject to other countries and the decisions that are made in the boardrooms of energy companies,” Buttigieg said in a statement picked up by AP.

But, the announcement generated criticism almost immediatelyboth from environmentalists who still see the reduction of carbon dioxide emissions as insufficient, and from the automotive industry.

Carbon dioxide emissions would be reduced by 2.5 billion metric tons by 2050, based on standards, the NHTSA detailed.

In this sense, the assemblers assured that increasing the efficiency of the motors implies new costs, which will inevitably be passed on to consumers.

Car brands believe this will drive more and new consumers away from the already expensive new car market.

The industry estimated that by 2029, the new efficiency standards will increase the final cost of a new vehicle by $1,087.

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