Corporate Average Fuel Economy Standards

{
  "id": "MLC-T-TRA-000092",
  "term": "Corporate Average Fuel Economy Standards",
  "field": "Transportation",
  "definition": "Originally established by Congress for new automobiles and later for light trucks. Under CAFE, automobile manufacturers are required by law to produce vehicle fleets with a composite sales-weighted fuel economy not lower than the CAFE standards in a given year. For every vehicle that does not meet the standard, a fine is paid for every one-tenth of a mile per gallon that vehicle falls below the standard.",
  "abbreviation": "CAF",
  "references": [
    "National Transportation Statistics, Appendix B: Glossary"
  ],
  "url": "https://mlchart.com/terminology/transportation/corporate-average-fuel-economy-standards/"
}