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Trade Group Urges Trump to Ease Fuel Economy Targets
The Alliance of Automobile Manufacturers is asking U.S. president-elect Donald Trump to harmonize automotive regulations and consider rolling back fuel economy targets.
#economics #regulations
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The Alliance of Automobile Manufacturers is asking U.S. president-elect Donald Trump to harmonize automotive regulations and consider rolling back fuel economy targets.
The Washington, D.C.-based trade group declares “reform is imperative” and should include a “whole car” cost-benefit analysis for future standards.
Carmakers are especially eager to review rules imposed by the Obama administration that demand fleet-average fuel economy of 54.5 mpg by 2025. The companies say achieving that goal is increasingly difficult, because cheap gasoline is hurting demand for small, fuel-efficient cars.
In July regulatory agencies declared the fuel economy target technically feasible. But they have until April 2018 to finalize their midterm review of the second-stage of fuel economy standards required to reach it.
AAM also has asked Trump to revisit the National Highway Traffic Safety Administration’s guidelines for autonomous vehicles. Carmakers have been worried that state-level regulations could hobble their efforts to develop such vehicles.
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