Policy And Environment News

DOT Finalizes 'Freedom Means Affordable Cars' Rule, Setting 2031 Fuel Economy Target at 34.9 MPG

The US Department of Transportation has finalized new Corporate Average Fuel Economy (CAFE) standards, lowering the 2031 fleet average target to 34.9 miles per gallon. This move replaces Biden-era rules that required 50.4 mpg by 2031 and eliminates credit trading for electric vehicles. While the administration claims the rule will save consumers $1,300 per vehicle, critics argue it will increase fuel costs and harm air quality.