As the Trump administration mulls softening fuel economy standards, an advocacy group is making the argument that requiring automakers to produce more energy-efficient vehicles has been a boost to the U.S. economy and job creation.
A report released this week by BlueGreen Alliance found $76 billion in investments in U.S. automotive plants since 2008 as manufacturers implemented current fuel economy standards now under review.
Carmakers have spent $63.8 billion in 100 factories during the last decade and have announced another $12.4 billion in capital expenditures by 2020. While some of the money is being spent on business-as-usual costs like plant upgrades, a substantial portion comes as a result of U.S. and international fuel-economy and greenhouse-gas standards, the group contends.
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Earthgarage – Greener Car. Fatter Wallet.