01 Jul '11, 11am

3 Reasons Why the Auto Industry Can Meet the 56 MPG Challenge

3 Reasons Why the Auto Industry Can Meet the 56 MPG Challenge

According to the agencies estimate, 62 mpg would cost $3,225 and but would save drivers $6,412 over the life of the vehicle, with a payback time of 3.8 years (all averages of the four technology pathways). The automakers claim the cost will be three times higher and require two-thirds of the fleet to be plug-in hybrids and battery electric vehicles. The gulf is wide. Who to believe? A closer look at the technology, other independent analysis, and the auto industry's past history demonstrates that the auto industry is once again vastly exaggerating the cost of complying with new standards in order promote their latest disaster sequel.

Full article: http://www.greenbiz.com/blog/2011/07/01/3-reasons-why-aut...

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