The U.S. trucking industry — from OEM’s to those doing the actual driving — can expect some harsh news from the federal government sometime soon. Expensive news.
The New York Times Monday reported that the Environmental Protection Agency (EPA) is poised to propose new emissions standards that will require a 40 percent increase in fuel economy by 2027. It is expected, according to the Times, that the new standards will also add between $12,000 and $14,000 to the cost of a new truck.
The proposed new standards could be unveiled yet this week, according to the Times.
The Times reports:
“The truck proposals could cut millions of tons of carbon dioxide pollution while saving millions of barrels of oil. Trucks now account for a quarter of all greenhouse gas emissions from vehicles in the United States, even though they make up only 4 percent of traffic, the E.P.A. says.”
[gtbutton link=”http://www.nytimes.com/2015/05/31/business/energy-environment/epa-proposal-will-put-bigger-trucks-on-a-fuel-diet.html?partner=rss&emc=rss&_r=2″]Read the Entire NY Times Article[/gtbutton]