Corporate Average Fuel Economy Standards for Model Years 2024-2026 Passenger Cars and Light Trucks

Résumé

NHTSA, on behalf of the Department of Transportation, is finalizing revised fuel economy standards for passenger cars and light trucks for model years (MYs) 2024-2025 that increase at a rate of 8 percent per year, and increase at a rate of 10 percent per year for MY 2026 vehicles. NHTSA currently projects that the revised standards would require an industry fleet-wide average of roughly 49 mpg in MY 2026, and would reduce average fuel outlays over the lifetimes of affected vehicles that provide consumers hundreds of dollars in net savings. These standards are directly responsive to the agency's statutory mandate to improve energy conservation and reduce the Nation's energy dependence on foreign sources. This final rule fulfills NHTSA's obligation to revisit the standards set forth in "The Safer Affordable Fuel Efficient (SAFE) Vehicles Rule for Model Years 2021- 2026 Passenger Cars and Light Trucks," as directed by President Biden's January 20, 2021, Executive order "Protecting Public Health and the Environment and Restoring Science To Tackle the Climate Crisis." The revised standards set forth in this final rule are consistent with the policy direction in the order, to among other