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Before the standards were implemented, new truck prices were rising but fuel economy had not improved. After the standards, buyers began paying about $400 more per new truck but in return received an average of $1,400 in additional fuel savings each year.
“Comparing benefits and costs, fuel efficiency standards provide a return of 3.5 to 1. Simply put, America’s truck standards have piled up,” said Petar Georgiev, a research associate at T&E.
Thanks to the standards, the deployment of fuel-saving technologies has reduced truck fuel consumption by 24% from 2011 to 2017, and a new truck purchased in 2017 consumes $8,200 less fuel than a new truck in 2011 (1).
The European Commission is expected to publish a proposal to regulate CO2 emissions from trucks, for the first time, in May 2018. Unlike cars and vans, trucks do not yet have to comply with CO2 standards in Europe. European transport companies spend an average of €32,000 per year per truck on fuel. While the United States, Japan, China and Canada have CO2 standards in place, truck fuel efficiency in Europe has stagnated over the past 20 years.
Steve Cornelis, Clean Trucks Lead at T&E, said: “These results show that truck standards can be a win-win for the climate, the industry and the shipping sector. Europe is lagging in the race to make more efficient trucks, and time is up. The European Commission must act quickly and decisively. This year to ensure that the proposed standards are ambitious and effective.
Trucks represent less than 5% of all vehicles on Europe’s roads, but are responsible for about a quarter of greenhouse gas emissions from road transport.
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