On Friday, April 1, the National Highway Traffic Safety Administration (NHTSA) announced its final fuel economy standards for model year 2024-26 vehicles. The final rule increases vehicle efficiency requirements, as represented through vehicle-footprint-based targets, 8% annually for model years 2024 and 2025 and 10% for 2026, which the agency concludes represents the maximum feasible level manufactures can achieve for these model years. NHTSA predicts that the new standards will yield an industrywide average fuel economy of approximately 49 miles per gallon for model year 2026 passenger cars and light trucks, which represents an increase of 10 miles per gallon over model year 2021. (more…)