The White House announced earlier that it would be lowering its CAFE standard from¬†56.5 MPG to 54. The proposal, however, won’t be finalized until Friday‚ÄĒand until then, the White House is looking towards automakers to approve the change.
Automakers have yet to officially endorse the new limits, but many are expected to favor any CAFE lowering. Despite this, German manufacturers such as Volkswagen, BMW, and Mercedes-Benz still oppose even the new regulations, at the potential cost of stiff penalties if they don’t accept these terms and conditions.
These terms and¬†conditions¬†are still the same, of course: passenger cars will have to improve their mileage 5% every year from 2017 to 2025; by 2016, the average mileage standard across the industry will be 35.5 MPG.
[Source: Left Lane News]