Drive Wire for September 26th, 2016: Falling Gas Prices and Rising Fuel Economy Could Hurt Employment
Another potential problem with the federal government’s planned 2025 fuel economy targets.
Today on Drive Wire, The Drive discusses a new report that suggests a combination of rising fuel economy standards and continued cheap gasoline could spell big trouble for the American economy. According to the Center for Automotive Research, if American consumers continue to seek out SUVs and trucks because gas is affordable, carmakers will have trouble selling the efficient vehicles they'll be forced to build in order to meet the federal government's 54.5 mile-per-gallon fleet fuel economy standards expected to hit in 2025. How many jobs could be lost as a result? Check out the video to find out.
MORE TO READ
Drive Wire for September 23rd, 2016: Carmakers Ramp Up Battle Over Future Fuel Economy Standards
Reaching 54.5 mpg by 2025 is starting to seem increasingly difficult.
Drive Wire for September 22nd, 2016: VW Promises to Fix All Dieselgate Cars in Europe by 2017
The agreement means dirty diesels will finally fall in line with EU emissions standards.
Drive Wire for September 21st, 2016: Growing Parade of Automakers Skipping Paris Motor Show
Mazda, Bentley, and Lamborghini join the list.
Drive Wire for September 21st, 2016: Porsche Reportedly Wants to Build Batteries for Formula E
Carmaker supposedly seeking to take over energy storage duties for racing series starting in 2018.