The FINANCIAL — WASHINGTON, D.C. – General Motors has agreed in principle on proposed fuel economy standards from 2017 through 2025.
This proposed rule presents a path forward that greatly improves fuel economy while preserving customer choice and future industry growth. GM plans to pursue the technical challenge ahead and to lead in delivering new fuel-saving technologies in cars and trucks customers want to buy and can afford.
Reducing fuel consumption and lessening the automobile’s impact on the environment is important to our business because it’s important to our country and our customers. GM has the best lineup of fuel-efficient vehicles in the company’s history. The proof is in vehicles like the Chevrolet Volt electric car with extended-range capability; the compact Chevrolet Cruze Eco, which gets the best highway fuel economy of any gasoline-powered car, and the two-mode hybrid Silverado pickup truck, which gets city fuel economy that rivals a small car.
While future fuel economy targets are ambitious, the proposed CAFE rule represents a national approach and provides regulatory certainty for our industry. Additionally, the proposed rule includes flexibility that recognizes consumer needs and potential changes in technology and economic conditions.