Biden administration rejects GM's warning that US emissions rules will be costly
At the meeting, GM estimated the auto industry as a whole could face $100 billion to $300 billion in total penalties — or $1,300 to $4,300 per vehicle — from 2027 to 2031 depending on whether an Energy Department proposal to revise the petroleum-equivalent fuel economy rating forThe National Highway Traffic Safety Administration, which oversees Corporate Average Fuel Economy regulations, said late on Thursday GM's"estimate is pure speculation and inaccurate.
GM, which in 2021 vowed to halt the sale of new gasoline-powered vehicles by 2035, said this month it could face compliance challenges under the EV efficiency rules and vehicle emissions regulations. The company said on Thursday it looks forward to"further and increased technical dialogue with the EPA and the White House as the rule is finalized."
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