Cars and trucks represent only 20 percent of America’s annual carbon emissions, yet automakers are the only industry committed to reducing greenhouse gas emissions of new products by 30 percent in just five years. This reduction is the carbon equivalent of
eliminating 50 coal plants.
The EPA estimates that achieving this standard could cost automakers nearly $52 billion in research and development costs alone. Retooling, materials and manufacturing costs will also be substantial.
Already, automakers offer more than 150 new hybrids, all-electric and hydrogen fuel cell vehicles. Chrysler, Ford and GM alone are putting millions of flex fuel vehicles on the road each year.
Ford is tackling the popularity of diesels head-on in Europe where the automaker plans to more than triple the production of vehicles with fuel-efficient gasoline engines.
General Motors’ Fairfax plant has had its ups and downs. A few years ago, tougher federal fuel-efficiency standards on the horizon were reason for worry. Detroit automakers, including GM, relied heavily on thirsty but profitable SUVs and struggled to offer popular fuel-efficient cars.
Car shoppers will soon find two Ford Focus sedans sitting side by side when they visit the dealership — one with a gas tank and another with batteries.
