Mr. Speaker, under our Conservative government, the tax burden on Canadians is at the lowest level in more than 50 years. On average, Canadian families are paying $3,400 less in taxes each year than they were under the previous Liberals. In addition, every family with children in Canada will stand to benefit from our latest tax breaks, including the increase and expansion of the universal child care benefit to nearly $2,000 per year for every child under six and $720 per year for every child between six and 17, and of course there is the family tax cut as well. The vast majority of these benefits will flow to low- and middle-income families. The Liberals and the NDP would take these benefits away and would increase taxes on Canadian families through a carbon tax.
Our government has been very clear on this issue. It does not intend to address greenhouse gas emissions through a job-killing carbon tax, as supported by the opposition parties. Instead, we will continue to take decisive action on the environment while protecting our economy. In fact, our Conservative government is the first government in Canadian history to reduce greenhouse gas emissions, and we will continue to use our sector-by-sector regulatory approach to achieve reductions in greenhouse gas emissions.
I would also like to take the time to highlight that our government has already taken action on two of Canada's largest sources of GHG emissions, the transportation and electricity sectors. The transportation sector generates nearly one-quarter of greenhouse gas emissions and has been the key area of focus for our government. We have moved in line with the United States with new regulations for both light- and heavy-duty vehicles. With these regulations, 2025 model year passenger vehicles and light trucks will emit about half as many greenhouse gas emissions as 2008 models.
The 2025 vehicles are also expected to consume up to 50% less fuel than 2008 vehicles. That will lead to significant savings at the pump for Canadians. Greenhouse gas emissions from 2018 model year heavy-duty vehicles will be reduced by up to 23%, which will also cut down on fuel costs.
Furthermore, we have one of the cleanest electricity systems in the world, with 79% of our electricity supply emitting no greenhouse gas emissions at all. With our government's coal-fired electricity regulations, Canada became the first major coal user to ban the construction of traditional coal-fired electricity generation units.
The regulations also require the phase-out of existing coal fired units without carbon capture. In the first 21 years, the regulations are expected to result in a cumulative reduction equivalent to removing 2.6 million personal vehicles per year from the roads over this timeframe.
On this side of the House, we will continue to stand up for hard-working Canadians. Unlike the Liberals, the NDP, and the other parties, we are focused on what matters to Canadians: supporting economic growth and protecting the environment, not raising taxes.