EPA announces ‘strongest-ever pollution standards’ for cars

The Environmental Protection Agency is moving to throttle pollution from cars and light trucks by imposing is “strongest-ever” tailpipe emission limits, the agency announced. The U.S. Environmental Protection Agency announced final national pollution standards for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032 and beyond. “These standards will avoid more than 7 billion tons of carbon emissions and provide nearly $100 billion of annual net benefits to society, including $13 billion of annual public health benefits due to improved air quality, and $62 billion in reduced annual fuel costs, and maintenance and repair costs for drivers. The final standards deliver on the significant pollution reductions outlined in the proposed rule, while accelerating the adoption of cleaner vehicle technologies. EPA is finalizing this rule as sales of clean vehicles, including plug-in hybrid and fully electric vehicles, hit record highs last year,” the EPA stated. Publicly traded automakers include Ford (F), General Motors (GM), Tesla (TSLA), Stellantis (STLA), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).