Auto Industry & Fuel Efficiency

Currently the gas prices and government standards have caused a change to be put in place regarding fuel efficient cars. Many years ago fuel efficient cars were extremely unpopular however, in recent years many companies such as Toyota, BMW & Ford have now started to focus on fuel efficient cars, the style and the size in order to attract a new market. The auto industry is currently looking to cut greenhouse gasses in half by producing more hybrid cars. With many private investors and the government supporting research and development the aim of helping consumers save money through this is key and also reducing the production of petroleum. Currently the inciting factor for having a fuel efficient car is the savings it can bring in the long run and the benefits to the environment. Kelly Blue Book presents the top 10 most fuel efficient cars under $25,000 and emphasizes on style to make it more appealing for the consumer. The EPA states that 1 in every 10 cars on the road do not meet the federal requirements put in place for fuel efficiency. 

In addition fuel efficient cars such as hybrids have become extremely popular over the years, especially in London where a hybrid car saves you money. Back in London where I grew up, congestion charge was implemented in 2003 for any moving vehicle that drove into central London. The radius of the congestion charge zone is currently 2.7km with an £11.50 daily charge ($16). However, a new law implemented that any fuel efficient car would be given a 100% discount from the congestion charge, over the years there was a rise in London of those purchasing hybrid cars to avoid the congestion charge fee. 

http://www.kbb.com/car-reviews-and-news/top-10/highest-mpg-cars-under-25000-2015/2000011743-10/?r=613538365310389900

https://en.wikipedia.org/wiki/Fuel_efficiency

https://www3.epa.gov/fueleconomy/regulations.htm

38 thoughts on “Auto Industry & Fuel Efficiency”

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