The Biden administration last week proposed or finalized regulations totaling $182 billion in compliance costs while adding 1.8 million yearly paperwork hours, according to a report by the American Action Forum (AAF).
The most expensive rule for consumers was the Environmental Protection Agency ‘s (EPA) strict new tailpipe emissions limits for passenger cars, which would cost businesses roughly $180 billion in “vehicle technology costs” through 2055, the AAF calculated, citing the government’s own publicly available cost-benefit analyses of each regulation. The proposed regulation — which the EPA hopes will push two-thirds of all passenger car sales after 2032 to be all-electric — was initially announced in April alongside comparable regulation for heavy-duty vehicles and was formally proposed on May 5.
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