Consumer groups are hailing new, more aggressive CAFE standards. They cite new studies that claim consumers support the actions of federal regulators. The new standards, expected to be released this summer, call for light-duty vehicles sold in the U.S. to attain an average of 54.5 miles per gallon by 2025.
A study published by consumer watchdog Consumer Federation of America indicates consumers are concerned about high gasoline prices and agree with the government’s drive to increase overall fuel economy. The CFA says that fuel savings will offset the cost of the technologies that will be required to achieve the new CAFE standards.
The Center for Automotive Research, however, has a different view. Their analysis says that consumers will be paying an additional $5,270 for fuel-saving technologies and would likely not be able to recover $3,000 of that expenditure. In addition CAR believes the increased cost of vehicles will cause consumers to hold on to their less fuel-efficient vehicles longer, a trend already occurring.