General Motors Faces $146 Million Fine for Exceeding Car Emissions Regulations

Money | July 3, 2024, 12:04 p.m.

General Motors is set to pay a hefty fine of nearly $146 million and take corrective measures to address excessive emissions from nearly 6 million vehicles nationwide. This action, announced by the Environmental Protection Agency and the Transportation Department, is in line with President Biden’s crucial climate regulations on carbon dioxide emissions for cars. Following an EPA investigation revealing a significant discrepancy in CO2 emissions from GM vehicles, the automaker will be held accountable for emitting over 10% more than initially reported. While GM denies any wrongdoing, the agreement includes the retirement of millions of compliance credits. Environmental advocates emphasize the necessity of robust federal laws and oversight to ensure automakers comply with emissions regulations. Although this penalty may not rival past scandals like Volkswagen's "Dieselgate," with 6 million vehicles involved, the significance of this compliance breach should not be underestimated.