The Environmental Protection Agency and the National Highway Traffic Safety Administration jointly issued a new regulation last week that is meant to help protect the world from “climate change” by limiting “greenhouse gas emissions” and improving fuel efficiency in medium- and heavy-duty vehicles operated in the United States.
The 1,690-page regulation is approximately 700,000 words long.
A “regulatory impact analysis” published by EPA and NHTSA estimates the regulation will add an average of as much as $13,749 to the cost of a tractor truck and $1,370 to a trailer, making some tractor-trailer combinations $15,119 more expensive in 2027 than they would be under current regulations.
While admitting that the regulation will increase the cost of trucks and the other vehicles it effects, the administration argues that the owners of these vehicles will actually save money by using less fuel and that the regulation “will result in up to $230 billion in net benefits to society.”
These “net benefits to society” include what the administration calls “health benefits” and “energy security benefits.”