NADA chairman on cost of higher fuel economy
NADA Chairman Bill Fox says the federal fuel economy standards will take millions of car buyers out of the economy. He told WardsAuto that although he favors better fuel economy, the extra $3,200 per car for the new technology (NADAês estimate) will make the cars unaffordable for many.
Current standards call for a fleet average of 54.5 mpg by 2025. The industry will no doubt work to make a case during the mid-term review in 2017 that the standard needs to be adjusted. Fox says that hybrid cars donêt sell well in rural areas, where residents want trucks for farming.Download Bulletin PDF