May 12th, 2008 at 12:00pm
Listen to this story:
I know gas prices are soaring and that automakers have to meet the fuel economy standards, but honestly, I don’t see how they’re going to do it.
The auto industry faces a massive challenge to meet the new fuel economy standards by 2015. Today there are only three cars sold in this country that can meet that standard: the Toyota Prius, the Honda Civic hybrid and the Smart.
Keep in mind that the 2010 models are done, there’s very little that can be changed on them. So that means the industry will have to revamp its entire product line between 2011 and 2015. Like I said, I don’t see how they can do it.
For now, none of the automakers will say anything against the CAFE standard because they know the public backlash would be wicked. Especially since we’re in the middle of a presidential election campaign. What they’re secretly hoping for is some sort of adjustment to the fuel economy standards if it really turns out that they can’t meet them.