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India will not extend 2022 deadline for tighter fuel efficiency rules for carmakers

India will not extend an April 2022 deadline to tighten fuel efficiency standards, in a setback for carmakers which are lobbying for more time, government and industry sources say.

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U.S. must slash emissions by at least 57% to meet Paris climate target: Report

The United States needs to set a target to slash its greenhouse gas emissions between 57% and 63% below 2005 levels by 2030 in order to achieve the Biden administration's longer-term goal of net-zero emissions by 2050, according to a new analysis.

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India to proceed soon with 'cash for clunkers' scheme to boost car sales

India will make public within 15 days details of a "cash for clunkers" scheme which would spur around 10 billion rupees ($1.4 billion) in new investment and create as many as 50,000 jobs.

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Trump delays increase in fuel economy penalties at auto industry request

The Trump administration has agreed to an auto industry request to delay the start of dramatically higher penalties for companies that fail to meet fuel efficiency requirements, a move that could save the industry hundreds of millions of dollars or more.