Automakers Are Outpacing U.S. Fuel Economy Targets
The auto industry's actual corporate average fuel economy in the U.S. has exceeded government targets for the past two years, according to the University of Michigan Transportation Research Institute.
#economics #regulations
The auto industry's actual corporate average fuel economy in the U.S. has exceeded government targets for the past two years, according to the University of Michigan Transportation Research Institute.
New-car fleets were required to average 28.7 mpg in the 2012 model year and 29.7 mpg in 2013. UMTRI calculates that actual CAFE results for those two years were 28.9 mpg and 29.8 mpg, respectively.
NHTSA's regulations push the CAFE standard to 41 mpg for the 2021 model year, with a projection to raise the standard to as much as 49.7 mpg by 2025. Separately, the U.S. Environmental Protection Agency's standard based on carbon dioxide emissions equates to 54.5 mpg by model year 2025.
The UMTRI estimated sales-weighted, unadjusted CAFE performance based on monthly and annual sales of individual models of light-duty vehicles and their government average fuel economy ratings.
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