29 Jun '16, 6pm

Automaker Alliance Seeking to Influence Midterm Evaluation of Federal Fuel Economy Rules

Automaker Alliance Seeking to Influence Midterm Evaluation of Federal Fuel Economy Rules

The Alliance of Automobile Manufacturers says U.S. regulators have underestimated the cost of achieving fuel economy targets and are giving California too much power over federal policies. As federal authorities review the Corporate Average Fuel Economy (CAFE) rules for 2022-2025 in a so-called midterm evaluation, this news comes from the lobbying effort on behalf of automakers. Even with the current government estimate of $1,800 a vehicle in added costs, “the payback period for alternative technologies extends beyond the timeframe most consumers consider; it is likely to remain that way,” the alliance said in a report posted on its website Monday. Members of the Washington-based lobbying group include General Motors, Ford, Fiat Chrysler, Toyota, and Volkswagen. More specifically, the alliance is seeking to influence the upcoming midterm evaluation of President Barack Obam...

Full article: http://www.hybridcars.com/automaker-alliance-seeking-to-i...

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