Cars today are more efficient, more durable, safer, and have better features than ever before, and higher prices are simply not that high once adjusted for inflation and compared to price increases of other consumer goods.
NHTSA and EPA's own analysis has found that lightweighting, when done properly, poses no overall increased risk to highway safety. In recent years, record U.S. auto sales have coincided with significant fuel efficiency gains.
Assuming that oil prices will remain low through 2050 is not consistent with current market dynamics or historical precedent.
The auto industry is reportedly conveying to the administration that it wants to seek a compromise with California in order to avoid two different fuel economy standards.
Credits provide flexibility, reduce compliance costs, and were intended to allow the auto industry to deal with shocks like the plunge in gasoline prices and ensuing shift to SUVs that began in 2014.
Modernized fuel-efficiency standards have been a cornerstone of energy policy since the 1970s, reducing the negative effects of petrostates on the U.S. economy.
'Fuel economy regulations are a preemptive strike against collusion and market-distorting behavior. In fact, current regulations will eliminate 12 billion barrels of oil imports between 2015 and 2040.'
The Mid-term Evaluation for fuel economy standards opens the door to including new vehicle technology, such as autonomy, in federal regulations, a development that could lead to even greater efficiency in the longer term.
An Evolved Oil Market and New Vehicle Technologies Have Major Implications for Light Duty Fuel Economy
If it can be verified that the use of autonomous vehicles will improve overall fuel economy and reduce GHG emissions, the agencies should explore ways to maximize the benefits as soon as feasible.
In a rare increase in stringency over the proposed rules, certain large trucks are required to be up to 25 percent more fuel efficient.