A look at the impact of the US government imposed corporate average fuel economy (CAFE).
Written in 2008; 2,408 words; 9 sources; MLA; $ 73.95
Paper Summary:
This paper looks at how Congress and the National Commission on Energy Policy (NCEP) have proposed corporate average fuel economy or CAFE standards for light duty vehicles. It also analyzes the actual impact upon the environment by NCEP's proposal for CAFE standard increases in order to understand the implicit details associated with them. The paper includes several graphs and charts.
From the Paper:
"The problem with a CAFE standards increase is that it will have a severe impact upon current LDVs in production. The majority of LDV produced within the United States do not meet the specifications needed to become CAFE compliant and as a result will have a significant financial burden. A cost benefits analysis using econometrics shows revealing analysis of the cost structure for environmental improvement. The first aspect of the CAFE standards we will analysis is how efficient the CAFE increase will be compared with its proposed environmental benefits. In order to meet the standards proposed through NCEP, two steps will have to be taken for LDVs. Models that cannot meet the standard will have to be discontinued or reduce their current MPG to match with standards. "
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