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President Donald Trump has delayed increased fuel economy compliance penalties for automakers following a request from an auto industry lobbying group.
The National Highway Traffic Safety Administration announced Wednesday that it had granted a petition to the Washington, D.C.-based Alliance for Automotive Innovation to delay increased penalties for automakers that do not meet Corporate Average Fuel Economy (CAFE) standards until the 2022 model year.
Congress previously voted to raise these fuel economy penalties to fall in line with inflation, prompting the NHTSA to raise the fines from $5.50 to $14 for every 0.1 mile per gallon new cars and trucks consume in excess of the required CAFE standard. These fines were originally intended to come into effect for 2019 model year new vehicles, but the Trump administration decided to suspend the new regulations, leading to a court battle over the matter and leaving the incoming regulations hanging in the midst.
Automotive Composites Market worth $9 3 billion by 2025 - Exclusive Report by MarketsandMarkets™ yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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The Global Base Oil Market was valued at USD 36.55 billion in 2019 and is estimated to garner USD 41.65 billion by 2030, expanding at a CAGR of 1.1% during the forecast period, from 2020 to 2030. The volumetric turn-over of the global base oil market was 41,907.3 kilotons in 2019 and is expected to reach 48,879.3 kilotons by 2030, at a CAGR of 1.3% during the forecast period, from 2020 to 2030.
Base oil is a refined petroleum product obtained from heavy hydrocarbons by refining crude oil at extreme temperature ranges. It is extensively employed in a wide range of applications such as manufacturing automotive oil, industrial oil, metalworking fluids and lubricating greases, and other lubricant base stock. The quality standards of base oil majorly depend on parameters such as viscosity, oxidation, vitality, consistency, compatibility, pour point, seal additive, solubilit
Base Oil Market: Group I-V - Global Opportunity Analysis and Industry Forecast 2020-2030 - ResearchAndMarkets.com
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The Global Base Oil Market was valued at USD 36.55 billion in 2019 and is estimated to garner USD 41.65 billion by 2030, expanding at a CAGR of 1.1% during the forecast period, from 2020 to 2030. The volumetric turn-over of the global base oil market was 41,907.3 kilotons in 2019 and is expected to reach 48,879.3 kilotons by 2030, at a CAGR of 1.3% during the forecast period, from 2020 to 2030.
Base oil is a refined petroleum product obtained from heavy hydrocarbons by refining crude oil at extreme temperature ranges. It is extensively employed in a wide range of applications such as manufacturing automotive oil, industrial oil, metalworking fluids and lubricating greases, and other lubricant base stock. The quality standards of base oil majorly depend on parameters such as viscosity, oxidation, vitality, consistency, compatibility, p