WASHINGTON (Reuters) – The National Highway Traffic Safety Administration said Wednesday it was considering reinstating a boost in higher penalties for automakers failing to meet fuel efficiency requirements, a decision that could cost the industry hundreds of millions of dollars or more.
President Donald Trump’s administration in its final days in January reversed a 2016 regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements. Automakers had protested that 2016 hike, saying it could increase industry compliance costs by $1 billion annually.
(Reporting by David Shepardson)
