CAFE fuel rules to hike car costs
"Sharply higher fuel efficiency standards by 2025 could force vehicle prices up by nearly $10,000, reduce sales by 5.5 million vehicles annually and eliminate more than 260,000 jobs, according to a study by the Ann Arbor-based Center for Automotive Research.
The center's study, released Tuesday, predicted it will cost between $3,744 and $9,790 per vehicle to develop and produce cars that meet a range of between 47 and 62 mpg — a span being considered by federal regulators — by 2025.
That's far higher than the $770 to $3,500 per vehicle estimate issued by the National Highway Traffic Safety Administration and the Environmental Protection Agency."
"The 2012-16 standards alone will cost the auto industry $51.5 billion, NHTSA has projected."
"Environmentalists who want the fleet average set at 60 mpg or more have won the backing of prominent governors and have touted polls claiming Americans support that standard.
Automakers are running radio spots aimed at policymakers, warning of potential job losses if regulations are set too high.
The center warned Americans' personal mobility — and the freedom to drive a car — is "under threat by extreme mandates."
"The risk connected to mandating permanent fuel economy standards in the long run is very serious," the report said."
"Sharply higher fuel efficiency standards by 2025 could force vehicle prices up by nearly $10,000, reduce sales by 5.5 million vehicles annually and eliminate more than 260,000 jobs, according to a study by the Ann Arbor-based Center for Automotive Research.
The center's study, released Tuesday, predicted it will cost between $3,744 and $9,790 per vehicle to develop and produce cars that meet a range of between 47 and 62 mpg — a span being considered by federal regulators — by 2025.
That's far higher than the $770 to $3,500 per vehicle estimate issued by the National Highway Traffic Safety Administration and the Environmental Protection Agency."
"The 2012-16 standards alone will cost the auto industry $51.5 billion, NHTSA has projected."
"Environmentalists who want the fleet average set at 60 mpg or more have won the backing of prominent governors and have touted polls claiming Americans support that standard.
Automakers are running radio spots aimed at policymakers, warning of potential job losses if regulations are set too high.
The center warned Americans' personal mobility — and the freedom to drive a car — is "under threat by extreme mandates."
"The risk connected to mandating permanent fuel economy standards in the long run is very serious," the report said."