GM, Stellantis Face $9.5 bln in US Fuel Economy FinesThe specific example of reduced costs for new car customers in the Consumer Reports study was "$7,000 in per-vehicle lifetime fuel savings for model year 2021 vehicles compared with model year 2003", a direct result of CAFE and other fuel-economy mandates during that timeframe. But the cost reductions go far beyond that when all stakeholders are considered (e.g., reduction in deaths and injuries, reduced costs of certain automotive technologies due to economies of scale, etc.).
Going back to the CAFE proposals for 2027-2031 MY vehicles referenced in the OP, NHTSA mentioned that automakers "are free to use electric vehicles to comply and avoid penalties altogether". Since 100% electric vehicles represents one component of the global automotive industry's future, this is an example in which government and industry should be on the same page.Thu, 05 Oct 2023 13:45:03 +0000
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