CAFE standards created during 1970s energy crisis are now an outmoded and ineffective regulatory philosophy that undermines the auto industry.
Too many regulators makes efficient regulation near impossible. Simplifying regulating authority under EPA is an obvious answer.
Little-used car emissions credit market is a possible bridge to post-CAFE era after 2025.
Additional rulemaking could create a simplified emissions credit market structure and streamlined authority under the EPA.
Improved transparency could improve the credit marketplace.
Image credit: ESB Professional