Tags: Global Warming | cars | global warming | buying incentives | legistlation

Will Older Cars Have to be Replaced More Frequently Because of Global Warming Legislation?

By    |   Sunday, 08 Mar 2015 06:29 AM

While legislation regarding cars and global warming won’t necessarily force people to replace older cars more often, increasingly stringent federal mileage thresholds could create market factors that would drive people to switch out their older gas guzzlers for hybrids.

Auto executives these days need to worry about more than just what drivers want, said Bloomberg.com in December 2014: “Detroit needs to meet increasingly stringent federal mileage thresholds that are calculated on a fleet-wide basis called Corporate Average Fuel Economy (CAFÉ, for short). That means for every Cadillac Escalade, GM should sell a Chevy Volt – or three of them – in order to avoid steep fines.”


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The Obama administration in 2012 announced the fuel standards, saying 13 automakers who together accounted for more than 90 percent of all U.S. vehicle sales had expressed their support for them, according to whitehouse.gov.

The standards will become tougher as time passes, with car producers facing a big challenge in 2025 when they begin to require each company’s fleet of cars and light trucks sold in the U.S. to post an aggregate fuel economy of about 54.5 miles per gallon, Bloomberg.com said.


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That website added that hybrids are currently heavily subsidized by state and federal incentives, and it’s not unusual for carmakers to sell hybrid models at a loss so they can balance out the carbon footprint of high-margin pickup trucks. Still, a 2013 Indiana University survey of more than 2,000 drivers in 21 of the largest U.S. cities indicated 95 percent weren’t aware of subsidies, rebates and other incentives available to purchase electric and hybrid vehicles, said cars.com.

If gas prices don’t steer customers to smaller, more efficient cars by 2025, car executives might resort to raising prices on gas guzzlers to encourage people to switch, Bloomberg.com indicated. It said a price hike on SUVs and trucks might not necessarily convince customers to switch to hybrids, “but at least the sales revenue will help cover federal fines triggered by missing efficiency standards.”

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While legislation regarding cars and global warming won't necessarily force people to replace older cars more often, increasingly stringent federal mileage thresholds could create market factors that would drive people to switch out their gas guzzlers.
cars, global warming, buying incentives, legistlation
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2015-29-08
Sunday, 08 Mar 2015 06:29 AM
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