September 26, 2016 by California Carbon
(Source: Reuters) The trade group representing all major US automakers have voiced concerns over the Obama administration’s ambitious targets for cutting vehicle greenhouse gas emissions through doubling the average fuel economy by 2025. Representatives of the group have emphasised the additional costs to the car industry, estimated at $200 billon over 13 years, as well as costs to consumers as new vehicle prices rise to an average of $894-$10,017 more than current costs. California’s zero emission mandate could increase average vehicle costs by a further 35-40%. Consumer advocacy group, Consumers Union, have defended the 2025 fuel rules, highlighting the cost savings of fuel efficient vehicles. Read full article…
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