From Dave McCurdy, President & CEO, Alliance of Automobile Manufacturers, on the proposed nationwide U.S. fuel-economy standards:
“Importantly, this agreement establishes nationwide fuel economy requirements for the next 12 years and beyond. Upon adoption of this legislation, Congress will have established aggressive, nationwide fuel economy requirements, concluding a longstanding debate.
“As we understand the agreement, these tough, national mileage standards merge provisions of both the Senate and House CAFE proposals. The agreement includes a number of necessary measures to help make the overall regulatory program more realistic and reasonable. Automakers are pleased that Congressional negotiators ultimately accepted the need for practical provisions like separate car and light truck standards and incentives for building more autos that run on non-petroleum-based fuels. The bill also provides mechanisms that help automakers balance the natural ups and downs of the product cycle.
McCurdy says the CAFE provisions will be good for consumers and energy security, and the alliance supports its passage.
Full statement available here.
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