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U.S. vehicle fuel economy hits new high in 2020 — EPA -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A fast-charging station for electric vehicles (EVs) can be seen at Austin’s Whole Foods Market on December 14, 2016. REUTERS/Mohammad Khursheed/File photo/File photo

WASHINGTON, (Reuters) – The U.S. Environmental Protection Agency reported that new cars’ fuel consumption reached a record 25.4 MPG in 2020. However, most automakers still rely on federal credits for meeting their emissions regulations.

Report stated that carbon dioxide emissions had declined by 24% over 2004 as the fuel economy increased by 32%.

Only Tesla (NASDAQ) Inc. and Subaru (OTC) met the requirements. Automobile manufacturers can use credit earned from older model years or purchase credits.

Detroit’s Big Three automobilemakers — General Motors, Ford Motor (NYSE ) Co and Chrysler parent Stellantis — had a fleetwide average fuel consumption of 0.03% in 2020. It is because they have more sport-utility vehicles and large trucks than the rest.

Stellantis achieved 21.8 mpg while GM and Ford averaged 23 mpg. Tesla was the first automaker to produce electric vehicles. Honda, however, averaged 29.1 MPG, which is second only among gas-powered vehicle manufacturers.

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