Overview

• New standards require a 2% annual increase in fuel economy for passenger cars and light trucks from 2027 to 2031.
• Heavy-duty pickups and vans face steeper increases, with 10% annual gains from 2030-2032 and 8% from 2033-2035.
• The rules are expected to save Americans $23 billion in fuel costs and reduce carbon emissions by 710 million tons by 2050.
• Environmental groups criticize the standards as inadequate, while automakers express cautious support.
• Biden's goal includes having 50% of new vehicle sales be electric by 2030, a significant rise from current levels.