Automakers say CAFE compliance will cost jobs and make cars more expensive

“Vehicle costs may be $1,800 higher by 2025.

“An automaker-funded report released Thursday said the US adoption of Corporate Average Fuel Economy (CAFE) standards between now and 2025 will result in higher vehicle prices and job losses. The study, released by Indiana University’s School of Public and Environmental Affairs and funded by the Alliance of Automobile Manufacturers, said the higher investments automakers need to make in order to comply with such standards will boost the average new-vehicle cost in 2025 by $1,836 (for this year, the average cost is up just $154). Additionally, such standards may reduce US automotive-industry employment by as many as 150,000 workers by 2021.”

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