BR100 Increased By (0.25%)
BR30 Increased By (1.07%)
KSE100 Increased By (0.41%)
KSE30 Increased By (0.37%)
BECO 5.48 Decreased By ▼ -0.01 (-0.18%)
BML 55.90 Decreased By ▼ -0.86 (-1.52%)
BOP 35.20 Increased By ▲ 0.08 (0.23%)
CNERGY 8.20 Increased By ▲ 0.05 (0.61%)
DCL 11.58 Increased By ▲ 0.07 (0.61%)
FCCL 57.20 Increased By ▲ 0.45 (0.79%)
FCSC 5.18 Increased By ▲ 0.03 (0.58%)
FFL 18.11 Increased By ▲ 0.23 (1.29%)
FNEL 1.27 Increased By ▲ 0.02 (1.6%)
HUMNL 11.20 Increased By ▲ 0.08 (0.72%)
KEL 8.63 Increased By ▲ 0.21 (2.49%)
KOSM 6.63 Increased By ▲ 0.05 (0.76%)
MLCF 105.00 Increased By ▲ 1.70 (1.65%)
NBP 200.45 Increased By ▲ 0.27 (0.13%)
PACE 11.29 No Change ▼ 0.00 (0%)
PAEL 44.42 Increased By ▲ 0.95 (2.19%)
PIAHCLA 28.00 Increased By ▲ 0.51 (1.86%)
PIBTL 18.85 Increased By ▲ 1.15 (6.5%)
PPL 245.61 Increased By ▲ 1.29 (0.53%)
PRL 35.47 Increased By ▲ 0.04 (0.11%)
PTC 65.40 Increased By ▲ 0.05 (0.08%)
SEARL 94.00 Increased By ▲ 0.68 (0.73%)
SSGC 32.47 Decreased By ▼ -0.47 (-1.43%)
TELE 8.90 Decreased By ▼ -0.01 (-0.11%)
THCCL 66.90 Increased By ▲ 0.18 (0.27%)
TPLP 10.87 Increased By ▲ 0.04 (0.37%)
TREET 25.35 Increased By ▲ 0.23 (0.92%)
TRG 64.69 Decreased By ▼ -0.21 (-0.32%)
WAVES 10.91 Decreased By ▼ -0.02 (-0.18%)
WTL 1.26 Increased By ▲ 0.01 (0.8%)
Business & Finance

US automaker group calls for compromise with Biden on fuel economy rules

  • The Trump administration in March finalized a rollback of US Corporate Average Fuel Economy standards to require 1.5% annual increases in efficiency through 2026,
  • new nationwide emissions framework deal "should achieve improvements in GHG emissions roughly midway between current standards and those of the former Obama Administration.
Published February 2, 2021 Updated February 2, 2021 06:09pm
By

WASHINGTON: An auto industry trade group on Tuesday proposed to start talks with the Biden administration on revised fuel economy standards that would be higher than Trump-era standards but lower than ones set during the prior Democratic administration.

The Trump administration in March finalized a rollback of US Corporate Average Fuel Economy standards to require 1.5% annual increases in efficiency through 2026, well below the 5% yearly boosts under the Obama administration rules it discarded.

The auto group representing General Motors Co, Toyota Motor Corp, Volkswagen AG, Honda Motor Co and others said a new nationwide emissions framework deal "should achieve improvements in GHG emissions roughly midway between current standards and those of the former Obama Administration, and balance environmental progress, safety, affordability, innovation, and jobs."

Comments

Comments are closed for this article.