"Americans could stand to save up to $1.1 trillion on gasoline prices should the Environmental Protection Agency's proposal to impose the toughest-ever auto emissions standards be adopted, the agency projected on Wednesday.
The projection was included in the 758-page report issued by the EPA detailing its proposed regulations, which include tailpipe emissions so stringent that it could lead to 67% of new vehicle sales being electric by 2032.
Such a big shift to electric cars could save Americans between $580 billion and $1.1 trillion on gasoline — even factoring in the extra money drivers would spend on electricity to juice up their vehicles.
The agency forecasts an additional $280 billion to $580 billion in savings on vehicle maintenance."
Source: NPR, 04/13/2023
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