News Summary

• The Freedom Means Affordable Cars initiative doesn’t actually oblige automakers to build cheaper cars.
• The National Highway Traffic Safety Administration estimates that the new standards will still result in a fleet average of 34.9 mpg by 2031.
• Americans have spent $43 billion more for gas during the war, according to estimates released by the US Senate’s Joint Economic Committee this summer.
• The rule also ends the CAFE credit trading program starting in 2028, eliminating the ability for automakers that exceed federal fuel efficiency standards to earn compliance credits.