UPSC Essentials | Daily subject-wise quiz : Economy MCQs on Corporate Average Fuel Economy framework, implications of rising yields on US bonds and more (Week 182)

Question 1: Among the three statements provided about the Corporate Average Fuel Economy (CAFE)-III framework, only one statement is correct. Statement 1, which claims that CAFE-III is a set of fleet-level fuel-efficiency standards for passenger vehicles, is accurate. However, statements 2 and 3 are incorrect. The CAFE norms will not apply until April 1, 2027, and September 30, 2032, and a carmaker selling a mix of lighter vehicles and SUVs will not face the same target.