financetom
Business
financetom
/
Business
/
US to finalize revised EV mileage rating rule in win for automakers, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US to finalize revised EV mileage rating rule in win for automakers, sources say
Mar 18, 2024 3:40 PM

WASHINGTON, March 18 (Reuters) - The U.S. Energy

Department (DOE) on Tuesday is set to unveil final rules that

will significantly soften its proposal that would have slashed

electric vehicles' (EV) mileage ratings to meet government fuel

economy requirements in 2027, sources said.

In April 2023, the Energy Department proposed rules that

automakers said would "devalue the fuel economy of electric

vehicles by 72%" in 2027 and lead to significantly higher

Corporate Average Fuel Economy fines for some automakers.

The final rule will gradually reduce EV mileage ratings

through 2030 and by 65% in total giving automakers more time to

adjust, the sources said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NTSB chair to testify at March 27 hearing on fatal air collision
NTSB chair to testify at March 27 hearing on fatal air collision
Mar 11, 2025
WASHINGTON, March 11 (Reuters) - National Transportation Safety Board Chair Jennifer Homendy will testify at a March 27 Senate Commerce hearing on the mid-air collision of an Army Black Hawk helicopter and American Airlines ( AAL ) regional jet that killed 67 people, the panel said. The panel's aviation subcommittee will examine preliminary findings of the January 29 crash. The...
Alberta energy minister says proposed trade de-escalation options to US
Alberta energy minister says proposed trade de-escalation options to US
Mar 11, 2025
HOUSTON (Reuters) - Alberta Energy Minister Brian Jean said on Tuesday he had provided the administration of U.S. President Donald Trump several options to de-escalate a trade war with Canada. He said his provincial government, which represents the bulk of Canada's oil industry, respected Ontario's decision this week to impose retaliatory tariffs on its electricity exports to the U.S., but...
Hedge funds speed up de-risking, with focus on industrials
Hedge funds speed up de-risking, with focus on industrials
Mar 11, 2025
NEW YORK, March 11 (Reuters) - Global hedge funds accelerated the unwinding of stock positions on Monday, mainly in the industrial sector, as they seek to reduce risk amid a selloff in U.S. stocks, according to Goldman Sachs ( GS ) notes. The bank said in a note that the de-risking had accelerated from Friday, a trend it had previously...
Datadog Insider Sold Shares Worth $11,762,573, According to a Recent SEC Filing
Datadog Insider Sold Shares Worth $11,762,573, According to a Recent SEC Filing
Mar 11, 2025
04:07 PM EDT, 03/11/2025 (MT Newswires) -- Olivier Pomel, Director, Chief Executive Officer, on March 07, 2025, sold 107,365 shares in Datadog ( DDOG ) for $11,762,573. Following the Form 4 filing with the SEC, Pomel has control over a total of 435,793 Class A common shares of the company, with 435,793 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1561550/000156155025000074/xslF345X05/wk-form4_1741723457.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved