Biden squeezes the motor industry: cars in the US must consume less gasoline in 2024

• The United States opens its strategic oil reserve to curb the escalation of inflation

• The faces of the green transition (XXVIII) José María Galofré, CEO of Volvo Car Spain: "An electric car is already more profitable than a combustion car"

The NTHSA (National Highway Traffic Safety Administration, the US DGT) has just published that it raises

8% for the years 2024 and 2025 and by 10% for 2026.

"The new fuel economy [CAFE] standards require an industry-wide fleet average of approximately 49 mpg (miles per gallon) for passenger cars and light commercial vehicles by 2026, which is the strongest cost savings and fuel efficiency to date," explains NTHSA

In addition, "the new standards will increase the estimated fleet-wide average by almost 10 miles per gallon [4.25 km/l] by 2026, relative to the 2021 model year," says the US Transportation Safety Agency.

ukrainian war

But the most important thing is that according to the NTHSA, this measure, in addition to reducing the polluting gases that transport emits into the atmosphere, is in line with the

's attempt to be energetically "more independent after the invasion of Ukraine" by the Government. Putin's Russian.

In fact, last week, Joe Biden announced that the US will put

at an average of one million barrels per day for the next three months, from its strategic reserves to try to lower fuel prices. to the Americans after the rise in prices that, although it had already been taking place since last year, has been aggravated by the war in Ukraine.

The new CAFE consumption reduction standards for the period 2024-2026 will reduce gasoline consumption by 200 million gallons (909 million liters) through 2025, compared to previous limits.

According to the NHTSA, Americans who buy new vehicles in 2026 will get 33% more miles per gallon compared to 2021 vehicles.

family savings

This means drivers of new cars meeting the 2026 standards will only have to fill their tanks three times instead of four as they do under the old standards for the same trips.

"Today's rule means American families will be able to go further before having to fill up the tank, saving hundreds of dollars a year," said US Transportation Secretary

"These improvements will also make our country less vulnerable to global changes in oil prices and protect communities by reducing carbon emissions by 2.5 billion metric tons."

The NHTSA will penalize automakers that fail to meet fuel efficiency requirements for model years 2019 and later.

According to Seeking Alpha, "The new requirements come with Ford (F -2.0%) and General Motors (GM -1.3%) already pushing hard for electrification and applauding revised standards, while Stellantis (NYSE: STLA +0.4%) could have a harder time complying."

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