WASHINGTON – The Environmental Protection Agency (EPA) finalized new light-duty vehicle tailpipe emissions standards today. The new standards for vehicles post-model year 2026 are a critical step forward to reducing the emissions fueling escalating climate disasters that are now costing U.S. workers and businesses over $100 billion every year.

Following is a statement from Sandra Purohit, federal advocacy director for the national nonpartisan business group E2:

“Cars and trucks emit nearly one-quarter of all the emissions fueling the climate disaster crisis that is disrupting supply chains, driving up pricing, and costing American businesses, workers, and local economies hundreds of billions of dollars every year.”

“We know these strengthened standards are critical for cleaning up our environment. We also know they will help product our economy and foster innovation in the auto industry that will lead to better, cleaner and more economical cars for consumers.”

Founded in 2000, E2 got its start making the business and economic case for the world’s first greenhouse gas tailpipe emissions standards, California AB 1493. The legislation would become the model for federal tailpipe emissions standards and helped spur auto industry innovations that lead to today’s hybrid, electric and other vehicle innovations.

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E2 is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.

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