CAFE standards are a HUGE deal in the auto industry, especially the in the normal "commuter" type vehicles.
The larger aspect of this that is far less covered is that companies that didn't meet fuel economy standards on either full fleet or an individual model (usually performance cars that couldn't pass standards emissions) were allowed to "purchase" carbon credits from manufacturers making "eco friendly" cars (think Tesla) to help offset their transgressions.
That's part of the reason that this Trump administration EV kill shot hurts so bad. Everyone knew about the tax credits but the REAL money came from the carbon credits being horse traded by companies found to make "ethical" products. Complete socialism of the industry.
Its also part of the reason you haven't seen many sport cars in the last 10 years, costs too much money to do between R/D, crash safety, and carbon credits and why the EV companies are dropping like flies.
Thanks for the details. I assume this was done to make them more fuel efficient?
CAFE standards are a HUGE deal in the auto industry, especially the in the normal "commuter" type vehicles.
The larger aspect of this that is far less covered is that companies that didn't meet fuel economy standards on either full fleet or an individual model (usually performance cars that couldn't pass standards emissions) were allowed to "purchase" carbon credits from manufacturers making "eco friendly" cars (think Tesla) to help offset their transgressions.
That's part of the reason that this Trump administration EV kill shot hurts so bad. Everyone knew about the tax credits but the REAL money came from the carbon credits being horse traded by companies found to make "ethical" products. Complete socialism of the industry.
Its also part of the reason you haven't seen many sport cars in the last 10 years, costs too much money to do between R/D, crash safety, and carbon credits and why the EV companies are dropping like flies.
I've heard of the carbon credits being purchased but forgot about them,
We need to do away with all this crap.