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Tuesday, August 16, 2016

EPA and DOT adopt new heavy duty engine program of standards that will pay for itself in two years through fuel savings

The United States Environmental Protection Agency (EPA) and Department of Transportation (DOT) today announced new and more stringent requirements for medium- and heavy-duty vehicles. The new rules will reduce CO2 emissions by over 1 billion metric tons and result in fuel savings for vehicle owners significant enough to recoup their investment in the new technology in less than 2 years.

Video: USEPA, Standard YouTube License, Fair Use

The fuel savings amount to over 2 billion barrels of oil, equivalent to about $170 billion. In addition, the net benefit to society is estimated to be $230 billion, a benefit-to-cost ratio of nearly 8:1.

“The actions we take today on climate change will help lessen the impacts on future generations,” said EPA Administrator Gina McCarthy. “This next phase of standards for heavy- and medium-duty vehicles will significantly reduce greenhouse gas emissions while driving innovation, and will ensure that the United States continues to lead the world in developing fuel-efficient technologies through the next decade and beyond.” 

“Today’s ambitious but achievable announcement is a huge win for the American people, giving us cleaner air, more money saved at the pump, and real benefits for consumers across the supply chain,” said Transportation Secretary Anthony Foxx. “Today’s action preserves flexibility for manufacturers to deliver on these objectives through a range of innovations and technology pathways.”

For more information, click on the video above or the following link: EPA & DOT medium- and Heavy-Duty vehicle Standards

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