EPA Says 2025 CAFE Standard Will Cost $2,600 Per Car
The U.S. Environmental Protection Agency figures technology to meet its 2025 fuel economy target of 54.5 mpg will boost the average price of a vehicle by $2,600 from prices in 2011.
#economics #regulations
The U.S. Environmental Protection Agency figures technology to meet its 2025 fuel economy target of 54.5 mpg will boost the average price of a vehicle by $2,600 from prices in 2011.
Jeff Alson, a senior engineer at the EPA, tells a fuel economy conference at the University of Michigan that the agency's cost estimate assumes carmakers will opt for the "most cost-effective" approach: maximizing the efficiency of existing powertrains.
According to Alson, the EPA expects carmakers to focus on these technologie:
- Turbocharging for more than 90% of all vehicles
- 8-speed automatic transmissions for 90% of all vehicles
- Lightweight materials that cut average vehicle mass by 8%
- Stop-start and other "mild" hybrid systems in 26% of the new-vehicle fleet
- Full hybrid powertrains for about 5% of all vehicles
- Electric and extended-range plug-in systems in 2% of vehicles sold
Alson adds that, in spite of the 54.5 mpg target, consumers can expect real-life fuel economy for new cars to average 40 mpg by 2025. The EPA says actual fuel economy is expected to rise from 20 mpg in 2010 to 27 mpg by 2016.
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