Tesla urges US to adopt much tougher fuel efficiency rules

WASHINGTON, Oct 17 (Reuters) - Electric vehicle manufacturer Tesla (TSLA.O) on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulators have proposed...

The National Highway Traffic Safety Administration (NHTSA) in July proposed raising Corporate Average Fuel Economy (CAFE) car requirements by 2% and by 4% for trucks and SUVs annually between 2027 and 2032..

The American Automotive Policy Council, a group representing the Detroit Three automakers, separately urged NHTSA to halve its proposed fuel economy increases to 2% annually for trucks, saying the proposal "would disproportionately impact the truck fleet."..

NHTSA said in response its rule "is focused on saving Americans money at the gas pump and strengthening American energy independence" and estimated the combined benefits of the proposal exceed costs by more than $18 billion...

Automakers also raised alarm at the Energy Department's proposal to significantly revise how it calculates the petroleum-equivalent fuel economy rating for EVs in NHTSA's CAFE program, saying it would "devalue the fuel economy of electric vehicles by 72%."..

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