Study: No savings at 62 mpg
Raising federal fuel economy standards to as high as 56 mpg in the 2025 model year would yield fuel savings to consumers that more than offset higher vehicle prices, a new study found.
But lifting corporate average fuel economy to 62 mpg would result in vehicle price increases that exceed fuel savings over a five-year period, according to the nonprofit Center for Automotive Research.
The report highlights room for compromise on the Obama administration's preliminary proposal to raise CAFE to between 47 mpg and 62 mpg from the 2017 to 2025 model years.
Environmental groups have pushed for 62 … Read more