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Biden administration's fuel economy plan raises concerns of $14 billion in fines for automakers
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Reuters. It added the "projected $3,000 average price increase over today’s vehicles is likely to decrease sales and increase the average age of vehicles on our roads.
The criticism is similar but not identical to concerns raised about the Environmental Protection Agency's proposal that would require 67 percent of new vehicles to be electric by 2032. The auto group in June called the EPA proposal "neither reasonable nor achievable." Toyota called the EPA proposal stringency requirements "extreme and outside historical norms." (With inputs from Reuters)"Exciting news! Mint is now on WhatsApp Channels
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