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Tag Archives: regulations hurting jobs
Some of the proposed changes to increase fuel economy and decrease greenhouse gases starting in 2017 could cost new car buyers from $3,700 to more than $9,000 per vehicle if they are adopted, and that’s before another $1,500 or so is added for additional safety equipment.
The new fuel economy mandates under consideration by the government are based on reducing emissions ranging from 3% to 6% per year, the same as increasing fuel mileage equivalent amounts. The highest increase, 6% per year, will raise the Corporate Average Fuel Economy (CAFE) from 35.5 mpg in 2016 to 62 mpg in 2025. Continue reading
Fuel Economy Regulations Risk Huge Job Losses, While Increasing Environmental Damage, CAR Study Predicts
Government fuel economy regulations under development at the National Highway Traffic Safety Administration, the Environmental Protection Agency and the California Air Resources Board could severely hurt the U.S. economy by causing the loss of another 1.3 million manufacturing jobs.
As a result, the auto market may never recover its production and employment levels that helped create the now shrinking middle class.