In 2023, U.S. vehicle fuel economy reached a record high while greenhouse gas emissions dropped to record low levels, according to the U.S. Environmental Protection Agency's 50th annual Automotive Trends Report.
The report also shows that all 14 large automotive manufacturers in the U.S. are in compliance with EPA's light-duty GHG program requirements through the MY 2023 reporting period. It is estimated that the new MY 2023 electric vehicles and plug-in hybrid electric vehicles on the road have led to 11 percent lower CO2 emissions.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.