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US finalizes lower fuel economy standards

Original: US finalizes new lower fuel economy standards

The United States has finalized new fuel economy standards that are lower than previously planned, according to Reuters. The rollback of the Corporate Average Fuel Economy requirements means automakers will face less stringent efficiency targets for new vehicles. The move is expected to draw criticism from climate advocates while being welcomed by auto manufacturers concerned about compliance costs.

Why now: It is a fresh regulatory reversal affecting the auto industry, consumers and US climate policy.

United StatesUS fuel economy standardsautomakers

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