The price of new tires will be slashed this year by 25 percent from the year before.
The industry is expecting the price to drop from $0.18 to $0, and from $2.60 to $1.60.
It also wants to increase the number of tires on the road to 10,000, up from 5,000 now.
The new price cuts have been a top priority for the industry, and the industry expects them to bring down the price of a new tire to around $1, but many are still waiting for the new tires to hit the market.
The New York State Department of Transportation, which is in charge of issuing and collecting taxes on motor fuel, is expecting to begin issuing tax stamps to new vehicles on January 31.
The stamp is a way to bring new vehicles into compliance with the state’s emission-reduction standards.
The DOT also announced on Wednesday that it is launching a public awareness campaign on the issue.
“It is essential that we educate motorists on how they can reduce their emissions and save money by using less gasoline,” said DOT Commissioner Mary Beth White.
The state also announced it is giving $1 million to the nonprofit GasBuddy to fund studies on how to reduce carbon emissions in the industry.
The group, which does not have a formal membership, has been working to educate the public about the cost of gasoline.