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Corporate Average Fuel Economy (CAFE) Standards. Anticipated Impacts on Future Revenues. Corporate Average Fuel Economy (CAFE) Standards History. Enacted by US Congress in 1975 CAFE Standards Pertain to Fuel Efficiency
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Corporate Average FuelEconomy (CAFE) Standards Anticipated Impacts on Future Revenues
Corporate Average Fuel Economy (CAFE) Standards History • Enacted by US Congress in 1975 • CAFE Standards Pertain to Fuel Efficiency • National Highway Traffic Safety Administration (NHTSA) Sets the CAFE Standards • The US Environmental Protection Agency (EPA) Provides Fuel Economy Data for Each Vehicle Manufacturer • First Standards Were Implemented in 1978 • Standards Have Not Changed Since 1990
CAFE Standards • US Congress Specifies that CAFE Standards Must Be Set At the “Maximum Feasible Level” with Consideration for: • Technological Feasibility • Economic Practicality • Effect of Other Standards on Fuel Economy • Need of the Nation to Conserve Fuel
Factors Impacting Consumption • Cost of Fuel • Efficiency of Vehicles in Fleet • Congestion • CAFE Standards • Availability of Transit Systems • Type of Vehicle Being Purchased • Cost • Safety • Accommodation of Need • Projected Annual Travel • Comfort • Cargo/Freight Needs • Environmental Concerns
Anticipated Implementation Schedule • Original Release Date was September 30, 2011 • Revised Release Date No Sooner Than November 2011 • Delays Linked to Preparing for Anticipated Comments • Final Guidance Expected by July 2012
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