We report, you decide.
WASHINGTON — General Motors warned the Biden administration's planned changes to vehicle emissions rules could cost the auto industry hundreds of billions of dollars in penalties by 2031, which the Biden administration said on Thursday was wrong....
...At the meeting, GM estimated the auto industry as a whole could face $100 billion to $300 billion in total penalties — or $1,300 to $4,300 per vehicle — from 2027 to 2031 depending on whether anEnergy Department proposal to revise the petroleum-equivalent fuel economy rating for electric vehicles is enacted....
OK, that's GM's story.
...The National Highway Traffic Safety Administration, which oversees Corporate Average Fuel Economy (CAFE) regulations, said late on Thursday GM's "estimate is pure speculation and inaccurate." ...That's Bai-Den's story.
...A Biden administration official said under one scenario the auto industry could face about $3 billion in fuel economy penalties in 2032 and in another it might face essentially no penalties....
Since both GM and Bai-Den are notorious liars, YOU get to decide which one is right.
Choose carefully.
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