Information provided by NADA

What's new:  Yesterday, the Environmental Protection Agency (EPA) announced a final rule revoking what's known as the Endangerment Finding. Because of this revocation, the EPA no longer has authority to regulate greenhouse gas emissions for motor vehicles.

Why it matters:  As a result, EPA's unworkable GHG standards are repealed. These standards were not aligned with customer demand for EVs and drove up vehicle costs.

What's next:  Opponents of the EPA rule are likely to challenge it in court, which could delay its implementation.

What we are doing:  After the final rule was announced, NADA and ATD released the following statement:

"This rule will help make vehicles more affordable, expand consumer choice, and increase ownership of newer, safer, and cleaner cars and trucks. Left unchecked, the previous standard would have driven up costs and slowed fleet turnover."

Relevant information:  There are two sets of standards that regulate fuel economy:  the EPA's GHG standards, which were revoked yesterday, and NHTSA's CAFE standards, which are still in place. Currently, NHTSA is revising its CAFE standards and those revisions are expected to be complete in the next few months. NADA supports lowering CAFE standards to a level the market can bear.