US says GM tech costs will decline by $20.4 billion through 2031 because of lower emissions rules

WASHINGTON, Sept 28 (Reuters) – General Motors will ​see its ‌technology costs decline by $20.4 billion through 2031 as ‌a ​result ⁠of drastically ⁠lower vehicle fuel economy rules finalized Monday, the ​US Transportation Department ⁠said.

In total, ⁠the Trump ​administration estimates ​automakers technology costs will ‌decline by $60.6 billion through 2031, or ⁠about $1,289 per vehicle, as a result. ⁠The ‌2024 fuel ⁠economy rules ​had ‌been estimated ​to cost ⁠GM $31.7 billion through 2031.

(Reporting by David ShepardsonEditing by Nick ​Zieminski)