U.S. Congressional Panel to Hold Fuel Rules Hearing

A congressional panel will hold a hearing on Sept. 22 to look at the fate of U.S. fuel efficiency rules through 2025 amid growing concerns from automakers. An auto trade group representing General Motors Co. GM 1.34% , Ford Motor Co. F -0.25% , Toyota Motor Corp, Daimler AG and Volkswagen AG VLKAY 0.50% has said with lower gasoline prices it would be difficult to meet the requirements. Sales of less fuel-efficient trucks and SUVs have risen as gas prices have fallen. U.S. regulators must decide by 2018 on whether the 2022 through 2025 model year requirements are feasible or should be changed. The U.S. House Energy and Commerce Committee is holding a hearing Thursday that will include testimony from U.S. regulators and auto trade groups. “We need to know if these standards are impacting vehicle choices, raising prices, and most importantly whether they are pushing low-income consumers out of the car-buying market altogether,” said Representatives Michael Burgess and Pete Olson, both Republicans of Texas, in a joint statement.

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