FINANCE

United Auto Workers Union backs Biden’s fuel economy proposal by Reuters


Reuters. File photo: A faded UAW Local 22 logo is seen outside the United Auto Workers Union Hall that serves the General Motors Detroit-Hamtramac Assembly Plant in Detroit, Michigan, USA on November 26, 2018. REUTERS / Rebecca Cook

By David Shepardson

WASHINGTON (Reuters) – The United Auto Workers Union supports the need for a tough vehicle fuel economy proposed by the administration of U.S. President Joe Biden but does not support stricter requirements than some environmental groups.

The union outlined its position in a written comment to the National Highway Traffic Safety Administration (NHTSA), which set an October 26 deadline for comments, which are still being posted Wednesday.

In August, the NHTSA and the Environmental Protection Agency (EPA) proposed new solid vehicle skills https://www.reuters.com/business/environment/us-epa-proposes-big-boost-vehicle-emissions-stringency-through- 2026- 2021-08-05 and the Trump administration releases the Obama-era https://www.reuters.com/article/us-usa-autos-emissions-idUSKBN21I25S requirements.

The NHTSA’s proposed rules “hit the right balance to continue to improve the fleet’s energy economy, setting goals that are achievable and encouraging automakers to invest in new technologies,” UAW said, warning of stringent requirements. Fails to acknowledge years of industry disruption. “

The NHTSA model proposes an 8% annual increase in energy efficiency for the year 2024-2026. The EPA plan proposes a 10% increase in emissions reduction by 2023 and a 5% annual improvement over the next three model years.

The American Consumer Federation has called on the NHTSA to adopt a tougher alternative – an increase of 10% annually – saying it would save consumers at least 28 28 billion.

General Motors (NYSE 🙂 said Wednesday that the difference between the EPA and NHTSA proposals “could turn vehicles with tailpipe into a mainstream compliance solution … not every dollar spent on expanding legacy engines is needed to invest in future battery power.”

Sierra Club Environmental Group has criticized NHTSA for offering “loopholes” that would “allow automakers to double on gas-guzler” and “credit for technology that doesn’t actually reduce emissions.”

UAW supports NHTSA’s proposed “recovery incentives for hybrid or extra performing pickups”.

A team of 22 state attorney generals and several large cities in the United States have called on the NHTSA to consider “stricter standards.” In September, they will further finalize the EPA at https://www.reuters.com/business/environment/us-environment-agency-urged-by-21-states-toughen-vehicle-emissions-rewrite-2021-09-27- Strict requirements who requested.

EPA spokesman Nick Conger said the company wants to finalize the rule by December 31.

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. Not all CFDs (stocks, indexes, futures) and forex prices are paid by exchanges but by market makers, and so prices may not be accurate and may differ from actual market prices, meaning prices are indicative and suitable for trading purposes. No. So Fusion Media bears no liability for any trading losses you may incur as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with financial market trading, this is one of the potential risky investment forms.





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button