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The buzz so far this week has been about the new EPA (Ever Pretending Aristocrats) and NHTSA (The Roadblockers) standards, which were signed into being Monday. The new rules set emissions standards for both vehicle engine emissions and for the emissions of a manufacturer’s entire fleet (called the CAFE standard). The new rules also set up a cap and trade scheme for CO2 credits within the total fleet of each manufacturer in the U.S.
The new CAFE (Corporate Average Fuel Economy) standard will be raised, in stages, to 35.5mpg by 2016. With one big change. Instead of measuring this in m