Quote:
The final rule will increase stringency of CAFE and CO2 emissions standards by 1.5% each year through model year 2026, as compared with the standards issued in 2012, which would have required about 5% annual increases.
...NHTSA is required by Federal law to set fuel economy standards at the maximum feasible level for both passenger cars and light trucks, for every model year. If NHTSA determines that standards previously set are no longer maximum feasible, NHTSA can amend them. In determining what levels of CAFE standards would be maximum feasible, the law directs NHTSA to consider four specific factors: technological feasibility; economic practicability; the effect of other motor vehicle standards of the Government on fuel economy; and the Nation’s need to conserve energy.
...The SAFE Vehicles Rule increases U.S. competitiveness by reducing regulatory costs by as much as $100 billion through model year 2029.
...By reducing the average price of a new vehicle by about $1,000, this right-sized rule will make it easier for Americans to afford to buy newer, cleaner, and safer vehicles.
...The agencies project that under these final standards, required technology costs would be reduced by $86 to $126 billion over the lifetimes of vehicles through MY 2029.
|
One of the assumptions here is that cheaper cars will increase the number of new vehicles sold, which means eliminating the use of older, less efficient vehicles. Who knows how much CO2 that will reduce compared to simply requiring more stringent targets?