The proposal to hike fuel economy standards through 2032 would cost GM $6.5 billion in fines and Stellantis $3 billion, an industry group says.
, said in a letter to the U.S. Energy Department on Friday that the size of the expected penalties for not meeting proposed Corporate Average Fuel Economy requirements are"alarming." Ford separately faces about $1 billion in penalties, the letter said. GM and Stellantis declined to comment beyond the letter.
Detroit Three automakers face $2,151 per vehicles in compliance costs compared with $546 per vehicle on average sold by other automakers, the letter said, and the policy"would reward those auto manufacturers resisting the transition to a fully electric future the most.
DOE sent Sept. 14 letters to the Detroit Three automakers"requesting additional information to help the DOE fully understand the 'specific challenges regarding product development lead time,'" the automaker group said.) can reduce petroleum consumption but giving too much credit for that adoption can lead to increased net petroleum use because it enables lower fuel economy among conventional vehicles," DOE said in April. The agency did not immediately comment Monday.
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