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.
Published in The Express Tribune, August 19th, 2021.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ