Although the governors of Minnesota and New Mexico gave environmental reasons for enacting new fuel efficiency standards, following more stringent standards also provide significant economic and national security benefits.
The EPA's Science Advisory Board has voted to review the administration's revised fuel economy rules, as automakers urge the White House not to finalize its current proposal.
The agencies propose a range of significant changes to the off-cycle technology program, including ending or sunsetting all off-cycle flexibilities. Any elimination, or phase-out, of the off-cycle technology adjustments would threaten to deter or delay investment in connected and automated vehicle technologies and runs counter to the goals of this rulemaking.
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.'