Biden Administration Sets New, Softer Fuel Economy Standards for 2027-2031

The updated rules aim to increase fuel efficiency and reduce emissions but fall short of initial targets, sparking mixed reactions.

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.