Exponent Inc.
10/21/2024 | Press release | Distributed by Public on 10/21/2024 15:14
How Could New CAFE Standards Affect the Auto Industry
New corporate average fuel economy standards will make EV and hybrid battery technology even more important in the effort to decarbonize
In June, the National Highway Traffic Safety Administration (NHTSA) finalized new Corporate Average Fuel Economy (CAFE) Standards for 2027-2031 model year vehicles sold in the U.S. While the new fuel economy standards aren't as strict as originally proposed in 2023, they will still have significant impact on the automotive industry in the coming years. The new standards require an industry-wide fleet average of approximately 50.4 miles per gallon (mpg) by model year 2031 for passenger cars and light trucks.
Exponent Inc. published this content on October 21, 2024, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 21, 2024 at 21:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]