The Biden administration on Friday announced a proposal to require raising fuel economy standards to 58 miles per gallon. The proposal, from the Department of Transportation's National Highway Traffic Safety Administration (NHTSA), would aim for a respective 2% annual increase for passenger cars, and a 4% increase in light trucks' Corporate Average Fuel Economy (CAFE) standards for 2027 - 2032 models, and would require 2030 - 2035 "heavy-duty pickup trucks and vans" to boost fuel economy by 10% per year. "If finalized as proposed, the updated…
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