Treasure Secretary Pete Buttigieg announced new fuel economy standards on Friday that will require automakers to hit a fleet average of 40 mpg by 2026.
FOX Business host reacts to the president deflecting responsibility for pain at the pump on 'America's Newsroom.'must reach a corporate average fuel economy [CAFE] of 49 mpg across their fleets by 2026 according to new regulations proposed on Friday by the National Highway Traffic Safety Administration.
Secretary of Transportation Pete Buttigieg said the new rules will save over 230 billion gallons of fuel through 2050.administration and exceeds those established when President Obama was in office.NHTSA said that drivers will save an average of $1,400 over the lifetime of a vehicle purchased in 2029, but did not offer an estimate on how much the price of a vehicle will increase.
Transportation Secretary Pete Buttigieg said the measure would save over 230 billion gallons of fuel through 2050. "Even if all of the oil we use in the USA were made in the USA, the price of it is still subject to powers and dynamics outside the USA," he said."Which means until we achieve a form of energy independence that is based on clean energy created here at home, American citizens will still be vulnerable to wild price hikes like what we're seeing right now," Buttigieg added.
The addition of hybrid and electric vehicles will help automakers comply with the rules, which have been harmonized with greenhouse gas emissions rules set by the
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