Dec. 4: MichAuto Statement on the Reset of Corporate Average Fuel Economy Standards

“The revised CAFE standards announced yesterday by President Donald Trump are a welcome change for the industry and are expected to help increase affordability in the new vehicle market, where the average price currently sits at $50,000. As was the case this summer when Congress revoked California’s EPA waiver that would have imposed extreme emissions standards on several states, this is a practical step to provide the industry greater stability and flexibility to plan, design, and build products better aligned with market realities, which is essential for our automotive companies to compete.”

– Glenn Stevens Jr., Executive Director, MichAuto; Chief Automotive and Innovation Officer, Detroit Regional Chamber