The EPA announced on Tuesday its new emissions standards for heavy-duty trucks that are projected to "cut 1.1 billion metric tons of carbon emissions through 2027," Bill Vlasic, a New York Times reporter, writes. The Obama administration's ambitious regulations has a 10% higher target than the rules originally stated on their first proposal last year. Vlasic further details the standards' purposes:

The rules are intended to improve fuel economy and reduce emissions from tractor-trailers and other large vehicles that transport steel, cars, oil and a wide array of consumer products. It will be up to engine and truck-tractor makers to determine how to meet them.

According to Vlasic, the necessary changes to be made to each heavy duty truck will cost about $12,000 per truck. The upfront cost may seem steep, but the long-term benefits are ideal. Not only will the emissions requirements be better for the environment, Vlasic writes that, according to transportation secretary Anthony Foxx, "the trucking industry would save an estimated $170 billion in fuel costs through 2027."

Regulators said that tractor-trailer owners could recoup the cost of new technology on their vehicles within two years because of fuel savings. Other vehicles may take longer to generate enough savings to cover the cost of improved engines and other equipment.

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