WASHINGTON (Reuters) – The Biden administration proposal to dramatically hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday.
The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai and others, said the National Highway Traffic Safety Administration proposal “exceeds maximum feasibility” and noted the agency projects “manufacturers will pay over $14 billion in non-compliance penalties between 2027 and 2032.”
(Reporting by David Shepardson)
