Issue link: https://read.dmtmag.com/i/85964
CAPITOL HILL REPORT NADA/ATD Study: EPA Underestimated Emissions Control Costs for Model Year 2004-2010 Heavy-Duty Trucks The National Automobile Dealers Association (NADA) and American Truck Dealers (ATD) released a new report today that calls into ques- tion the Environmental Protection Agency's (EPA) cost analysis of emissions control requirements for model year (MY) 2004-2010 com- mercial trucks. The mandates re- sulted in substantially higher prices for commercial vehicles, depressed sales, and delayed the environmen- sought. NADA/ATD released the following statement: "Until now, few studies have ever compared the EPA's cost predic- tions to the actual cost of meeting its motor vehicle emissions mandates. The study, which looks back at the 2004-2010 medium- and heavy-duty truck emissions mandates, reveals that the EPA underestimated actual compliance costs on average by a 22 CHANGING LANES // MAY '12 can happen when a regulatory proposal – based on far in-advance predictions – seeks to set mandates study documents the real-world market disruptions that can occur as a result. "The lessons learned from this report apply directly to the pro- posed MY 2017-2025 fuel economy regulations for light-duty vehicles. That rulemaking, combined with previous Obama administration fuel economy mandates, will raise the average price of a vehicle by $3,000, according to EPA and ministration estimates. When faced with unreasonable federal regula- tory mandates that increase motor vehicle costs, buyers of light-duty vehicles – similar to what commer- cial truck buyers experienced – will seek out less expensive alternatives www.changinglanesdigital.com