Ahh...yes...the old CAFE predicament.
Read this on USA Today in the Money: Autos section. Turns out the price for amazing fuel economy will be the loss of six figure quantity jobs in the automotive industry. What price progress?
Check out this article from USA TODAY:
Study: Auto jobs would suffer under gas-mileage standards
http://usat.ly/2dpk6mi
The non-partisan Center for Automotive Research concluded that U.S. auto factories and parts operations could slash up to 137,900 jobs through 2025 if the federal government's Corporate Average Fuel Economy (CAFE) standards remain in effect.
The Michigan-based non-profit's study comes amid a debate between the auto industry and Washington policymakers over CAFE standards, which require automaker fleets to average 54.5 miles per gallon by 2025.
The Obama administration implemented aggressive gas-mileage targets to jolt the economy and reduce carbon emissions, which contribute to climate change. Regulators signaled earlier this year that they're
unlikely to make significant changes.
"Automakers are developing far more technologies to improve fuel economy and reduce greenhouse gas emissions, at similar or lower costs, than we thought possible just a few years ago," Janet McCabe, acting assistant administrator for the EPA’s Office of Air and Radiation, said in a statement in July. "They are adopting these fuel-saving technologies into their fleets even faster than anticipated.”
But the auto industry wants the 2025 standards to be rolled back, arguing that the targets are too aggressive, particularly considering low gas prices.