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EPA announces tighter fuel economy standards for cars and trucks

The EPA announced on Monday a plan that it says will yield $190 billion in net benefits by 2050.

The Environmental Protection Agency on Monday announced new fuel economy standards to promote President Biden's goal of reducing the nation's greenhouse gas emissions.

The transportation sector is the biggest emitter in the country of heat-trapping pollution, which stokes climate change. The EPA's new rules reverse a much weaker Trump-era regulation for automakers to improve their cars' and light-duty trucks' fuel economy.

The calls for vehicles in model years 2023-2026 to reduce their greenhouse gas emissions between 5% and 10% each year. This means that by 2026, cars will be required to achieve .

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