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U.S. sets 2031 fuel economy targets to 50 mpg

The U.S. Department of Transportation finalized new fuel economy standards, requiring an average light-duty vehicle fuel economy of approximately 50.4 miles per gallon by 2031. This increase, aimed at model years 2027-2031, will save Americans more than $23 billion in fuel costs and reduce pollution. The standards will also significantly reduce gasoline consumption, saving 70 billion gallons through 2050 and cutting CO2 emissions by 710 million metric tons. The initiative is part of President Biden’s climate agenda to boost clean energy and reduce reliance on foreign oil​​.
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