On December 20, 2021, the Environmental Protection Agency (EPA) finalized light-duty vehicle greenhouse gas emissions standards for Model Years (MY) 2023 and later. The final rule revises current GHG standards beginning in MY 2023 and increases in stringency between 5 and 10 percent each year from 2023 through 2026. The standards are expected to result in average fuel economy label values of 40 mpg, while the previous standards would achieve only 32 mpg in MY 2026.