The Automotive Innovation Alliance warns of new US rules that may force automakers to stop producing some fuel vehicles and reduce the funds needed for electrified transformation.
CTOnews.com, December 16 (Reuters)-an organization representing major automakers, the Automotive Innovation Alliance, urged the Biden government to make major changes to three proposed vehicle rules, warning that this could force car companies to stop producing some fuel vehicles.
The Automotive Innovation Alliance warned in a letter that the proposed rules "could prematurely force many fuel vehicles and related revenues to be abandoned, thereby reducing the amount of money needed by carmakers to finance the transformation of electric vehicles."
CTOnews.com noted that the alliance represents General Motors, Toyota, Volkswagen, Ford, Stellantis and others.
Tuyuan Pixabay carmaker has been unhappy with the rules proposed by the Environmental Protection Agency, with the National Highway Traffic Safety Administration (NHTSA) and the Department of Energy warning that they could result in corporate average fuel economy (CAFE) fines of $14 billion, including $6.5 billion for General Motors and $3 billion for Stellantis.
Note: fuel economy refers to the ability of a car to drive economically with as little fuel consumption as possible under the condition of ensuring power performance.
The US Environmental Protection Agency (EPA) said in April that the proposed 2027-2032 standard would reduce emissions by 56 per cent and require 67 per cent of new cars to be electric by 2032.
