Posts Tagged ‘CAFE credits’

Senate Bill Gives Carmakers More CAFE Credits

Deal allows companies to use past credits.

by on May.31, 2017

Sen. Gary Peters (D-Michigan) is co-sponsoring a bill that would allow automakers to utilize unused CAFE credits in the future.

A proposal with bi-partisan support from Senators from auto states, such as Missouri and Michigan, would give automakers extra credits for the past performance, making it easier for them to meet future fuel-economy and emission standards through 2021.

At its heart, the legislation introduced by Senator Roy Blunt (R-Missouri), which is also supported by Senators Gary Peters and Debbie Stabenow (D-Michigan) would change the way credits for “over performance” on reaching fuel-economy standards if various vehicle categories. The other sponsors include Claire McCaskill (D-Missouri), Todd Young (R-Indiana) and Jerry Moran (R-Kansas.)

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The current law allows car makers to accumulate credits for up to five years but Blunt’s bill would allow manufacturers to use any and all credits accumulated going all the way back to 2009, which would make it easier for companies such as General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles N.V. to meet the fuel-economy goals during the coming four years. (more…)

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