You know what they say. Third time's the charm. In late voting last night the Senate finally passed the Energy Bill by a vote of 86 to 8! The biggest tie up in the 1st and 2nd round of voting was a $21.8 Billion dollar new tax hike. Once that was removed, the bill passed almost unanimously.
The bill is now back on to the House to be voted on again since it had been changed. Though this should not prove to be be a problem. The White House has also agreed to sign this bill in to law once the House has approved it.
The core part of the bill is to raise the Corporate Average Fuel Economy(CAFE) to 35 mpg by 2020, and this remains. This means that we will start to see the first changes to CAFE standards since the mid-'80s.
There are already a number of automakers on board that can and will meet these new laws. GM, Chrysler, and VW are three of the largest. And are already developing new vehicles to meet these standards, along with exciting new Hybrids.
Showing posts with label Fuel Standards. Show all posts
Showing posts with label Fuel Standards. Show all posts
Friday, 14 December 2007
Thursday, 13 December 2007
Chrysler says it can meet new CAFE standards
Chrysler LLC is readily welcoming thew new CAFE standards with open arms. When it happens of course.
"We will" cooperate rather than fight the anticipated increase in the Corporate Average Fuel Economy, or CAFE, standard," Chrysler CEO Bob Nardelli told TheCarConnection.com Wednesday. "We'll have to obviously accelerate significantly our investment in technology to get there," said Nardelli.
Some of the technology being used is a new two mode hybrid system that was jointly developed and engineered by BMW, General Motors, and Daimler. Chrysler's former German parent company.
Chrysler is looking to recent help from the United Auto Workers(UAW) and their agreement to take over Chryslers heft healthcare costs. This helped to free up a large amount of cash. This will allow for Chrysler to invest $500 million dollars in product development.
Source. The Car Connection.
"We will" cooperate rather than fight the anticipated increase in the Corporate Average Fuel Economy, or CAFE, standard," Chrysler CEO Bob Nardelli told TheCarConnection.com Wednesday. "We'll have to obviously accelerate significantly our investment in technology to get there," said Nardelli.
Some of the technology being used is a new two mode hybrid system that was jointly developed and engineered by BMW, General Motors, and Daimler. Chrysler's former German parent company.
Chrysler is looking to recent help from the United Auto Workers(UAW) and their agreement to take over Chryslers heft healthcare costs. This helped to free up a large amount of cash. This will allow for Chrysler to invest $500 million dollars in product development.
Source. The Car Connection.
By:
Austin
On 13:54
Energy bill fails is second vote in Conrgress. 3rd vote set for later today
After passing the House of Representatives the new energy bill carrying the revised CAFE standards, failed it's first round of voting in the halls of Congress at 53-42. The bill was revised and voted on again this morning. This time falling short by the one voted it needed to pass. At 59-40 the bill has again been revised and will be voted on later today.
The major revision is the removal of $21.8 billion dollars in new taxes. Speaker of the House Nancy Pelosi has confirmed that House would pass a new version of the bill sans the tax hike. The Detroit News reports that the revised bill will not include $1 billion in consumer tax credits for buying plug-in hybrids, and will cut a 20% tax credit for people who convert their vehicles into plug-in hybrids(we want more info on this). What will remain is the core piece of legislation that will raise Corporate Average Fuel Economy standards(CAFE) to 35 mpg by 2020. The White House has repeatedly stated, however, that it plans to veto the bill if it passes both houses of Congress.
Source: The Detroit News.
The major revision is the removal of $21.8 billion dollars in new taxes. Speaker of the House Nancy Pelosi has confirmed that House would pass a new version of the bill sans the tax hike. The Detroit News reports that the revised bill will not include $1 billion in consumer tax credits for buying plug-in hybrids, and will cut a 20% tax credit for people who convert their vehicles into plug-in hybrids(we want more info on this). What will remain is the core piece of legislation that will raise Corporate Average Fuel Economy standards(CAFE) to 35 mpg by 2020. The White House has repeatedly stated, however, that it plans to veto the bill if it passes both houses of Congress.
Source: The Detroit News.
By:
Austin
On 12:33
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