30 Aug '12, 12am

Under new CAFE rules plug-ins, natural gas, hydrogen cars are "incentive multipliers"

Under new CAFE rules plug-ins, natural gas, hydrogen cars are "incentive multipliers"

The new Corporate Average Fuel Economy (CAFE) standards for model year 2017-2025 vehicles was finalized at 54.5 miles per gallon today . The official rules document, though, is a whopping 1,230 pages long, and it take a while to decipher what in there. Things like the incentives for what the Environmental Protection Agency calls "game changing" advanced vehicle technologies. You can download the whole thing in PDF , but here are the pertinent points when it comes to the incentives. First off, they're not incentives for consumers, the way you can get a $7,500 tax credit for buying a high-capacity plug-in vehicle. Instead, they are corporate credits, which allow electric vehicles, plug-in hybrids and fuel cell vehicles (rules for natural gas credits are in the works) to give the company making the cars a bit of breathing room with its gas-only vehicles by acting as "incentiv...

Full article: http://green.autoblog.com/2012/08/29/under-new-cafe-rules...

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