Mexican Media Brands
U.S. Won’t Extend Comment Period for New Fuel Economy Rules
Carmakers won’t get extra time to submit arguments against the feasibility of next-stage U.S. fuel economy standards.
#economics #regulations
Share
Carmakers won’t get extra time to submit arguments against the feasibility of next-stage U.S. fuel economy standards.
Comments about the regulation, which would push the country’s average fleet fuel economy to 54.5 mpg by 2025, are due by late September. Carmakers say they need until at least the end of November to digest and respond to the government's 1,200-page report justifying the standards.
The analysis issued in July by the Environmental Protection Agency and National Highway Traffic Safety Administration claims the industry has the technology necessary to meet the regulation—and with very little need to rely on electric or hybrid powertrains. The report says benefits in fuel savings and reduced greenhouse gas emissions will offset the roughly $1,000 cost per vehicle to meet the standard.
But carmakers say the agencies’ math needs updating. Regulators have assumed fuel-efficient cars would account for 67% of U.S. new-car sales by 2025. So far this year cheap fuel prices have boosted sales of less-efficient trucks to nearly 56%, and the ratio is climbing.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.