- according to New Federal Fuel Economy Standards Announced today.
- Ministry of Communications Said the new requirements are aimed at improving fuel efficiency, reducing fuel costs and reducing emissions.
- People who buy new products in 2029 will save About $1400 in total fuel costs, but the average price of a new car will also increase by about $1,100.
By 2026, every automaker now needs its light-duty vehicles sold in the U.S. to achieve an average gas consumption of 49 mpg. This new federal requirement is part of a change to the Corporate Average Fuel Economy (CAFE) standard announced today by the state Highway Traffic Safety Administration (NHTSA). (It’s important to note that these mpg numbers are unadjusted and do not represent what one would expect from an individual car. You can expect an unadjusted 49 mpg to yield a middling window somewhere in the mid-30s numbers on stickers. For a detailed explanation of CAFE regulations and what they mean for your vehicle’s actual fuel economy, see our previous article on the subject. )
With better MPG, there’s less money to spend on gas — about $1,387 less over the lifetime of a new car purchased in 2029. However, the agency has also acknowledged that requiring automakers to make vehicles more fuel efficient means the cost of new cars will be lower. Vehicles will increase – about $1087 on average, NHTSA says.
The new CAFE standard, which will go into effect in 2024, requires automakers to improve fuel efficiency by 8 percent each year for the 2024 and 2025 model years, and that figure will increase to 10 percent by 2026. The new standard is also expected to increase the industry-wide average mileage per gallon for the 2026 model by about 10 miles compared to the 2021 model year. , Pete Buttigieg said in a comment Today, the U.S. fleet will average 36 mpg in 2021, and by 2026, the new standard will increase that fuel consumption by 33 percent.
The updated requirements for 2024 to 2026 models will reduce fuel consumption by more than 200 billion gallons by 2050, as well as reduce greenhouse gas emissions and reliance on foreign oil, compared to maintaining the old standard, the NHTSA press release said.