According to a document released this week, GM warned that the U.S. Biden administration's auto emissions rules could cost the auto industry $100 billion in 2031 and $300 billion in fines over the next five years.。

According to the White House website, the total amount of the fine depends on a proposal by the U.S. Department of Energy to modify the oil equivalent of electric vehicles in the National Highway Traffic Safety Administration's (NHTSA) Corporate Average Fuel Economy (CAFE) program. Fuel economy rating。

GM executive David Strickland met July 17 with officials from the White House Office of Management and Budget about the CAFE proposal.。

The NHTSA will release its proposal to raise CAFE requirements for 2027 and beyond as early as Friday, after the White House signed the proposal on Tuesday.。The White House did not immediately respond to a request for comment on Thursday.。

GM had pledged in 2021 to stop selling new gasoline-powered vehicles by 2035, and earlier this month it noted that various vehicle emissions regulations would put it in compliance challenges.。With the rules finalized, GM said Thursday it looks forward to "further enhanced technical dialogue with the EPA and the White House and awaits consideration of NHTSA's upcoming CAFE proposal."。

The NHTSA plan would follow the EPA's recommendation in April to strengthen the 2027-2032 standard, calling for 56 percent emissions reductions and 67 percent of new cars to be electric by 2032.。

But GM's filing says the automaker's share of electric vehicles will reach 67 percent by 2032, "not enough to meet CAFE standards."。

A group representing major automakers, including the Detroit Big Three, wants the EPA to significantly ease its requirements, calling them "neither reasonable nor feasible."。Toyota even called the EPA's proposal "extreme and beyond historical norms."。

In June, it was reported that Stellantis and GM had paid 3.$6.3 billion in civil fines。This record fine includes fines for Stellantis 2018 and 2019 models, amounting to 2.$35.5 billion; and a fine for GM's 2016 and 2017 models in the amount of 1.$28.2 billion。