General Motors to pay fine of nearly $146 million for excess car emissions
What are gas mileage credits and how many will GM retire?
Gas mileage credits, also known as Corporate Average Fuel Economy (CAFE) credits, are earned by automakers when their vehicles achieve fuel efficiency levels that exceed the minimum standards set by the U.S. government. General Motors (GM) has agreed to retire approximately 30.6 million gas mileage credits as part of their settlement for excess emissions from nearly 6 million vehicles. This action aims to reduce air pollution and support the administration's fleet electrification goals.
What is the penalty amount General Motors will pay?
General Motors will pay a penalty of nearly $146 million to resolve excess emissions from nearly 6 million vehicles on the nation's roads. The vehicles in question are model years 2012 through 2018, including popular SUVs under GM's Chevrolet brand. The National Highway Traffic Safety Administration will impose the $145.8 million penalty.
Why is General Motors paying this penalty?
General Motors is paying a penalty of nearly $146 million due to excess emissions from nearly 6 million vehicles on the nation's roads. The vehicles in question, model years 2012 through 2018, include popular SUVs under GM's Chevrolet brand. The penalty is imposed by the National Highway Traffic Safety Administration and GM will also retire millions of credits received for complying with federal rules5.