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Pages 1-6

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From page 1...
... 1 1 Executive Summary In the wake of the 1973 oil crisis, the U.S. Congress passed the Energy Policy and Conservation Act of 1975, with the goal of reducing the country's dependence on foreign oil.
From page 2...
... 2 EFFECTIVENESS AND IMPACT OF CORPORATE AVERAGE FUEL ECONOMY (CAFE) STANDARDS the manner in which automotive manufacturers respond would affect the purchase price, attributes, and performance of their vehicles.
From page 3...
... EXECUTIVE SUMMARY 3 previous fuel economy analyses. In the end, however, the committee conducted its own analyses, informed by the work of the consultants, the technical literature, and presentations at its meetings, as well as the expertise and judgment of its members, to arrive at its own range of estimates of fuel economy improvements and associated costs.
From page 4...
... 4 EFFECTIVENESS AND IMPACT OF CORPORATE AVERAGE FUEL ECONOMY (CAFE) STANDARDS technological potential for improving the fuel efficiency of 10 different classes of vehicles, ranging from subcompact and compact cars to SUVs, pickups, and minivans.
From page 5...
... EXECUTIVE SUMMARY 5 inequities arising from the present system. Possible alternatives that appear to the committee to be superior to the current CAFE structure include tradable credits for fuel economy improvements, feebates,3 higher fuel taxes, standards based on vehicle attributes (for example, vehicle weight, size, or payload)
From page 6...
... 6 EFFECTIVENESS AND IMPACT OF CORPORATE AVERAGE FUEL ECONOMY (CAFE) STANDARDS economy credits.

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