The EPA's new fuel efficiency standards have auto makers scrambling to produce electric and hybrid vehicles, but the higher prices of these vehicles deter buyers.
54.5 mpg by 2025 - that's EPA's new fuel efficiency requirement. In order to get there, most analysts believe electrification is necessary - and auto makers are responding, producing a dazzling array of hybrid, plug-in hybrid (or 'extended range EVs), and pure electric (plug-in) vehicles (EVs).
"Analysts do not expect the (hybrid and EV) segment to grow significantly this year: the combination of gas prices below $4 a gallon and higher upfront costs for the cars is not attracting consumers. But that is not deterring Toyota, Honda, Ford Motor and several European carmakers from introducing new hybrid and plug-in models.
However, hybrids and electric cars typically cost at least several thousand dollars more than their conventional counterparts. And most consumers want to be able to recoup the additional cost of an alternative-technology vehicle within a year, Mr. Anwyl of Edmunds.com said. At today's gas prices, the payback generally takes several years, if not more".
Of course, should gas prices take a sudden rise, the market and the regulation may converge. AAA predicts a 'tumultuous year' for gas prices, which may prove fortuitous for these emerging models.
FULL STORY: Wanted or Not: Alternative-Fuel Cars Flood Auto Show

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
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California Invests Additional $5M in Electric School Buses
The state wants to electrify all of its school bus fleets by 2035.

Austin Launches $2M Homelessness Prevention Fund
A new grant program from the city’s Homeless Strategy Office will fund rental assistance and supportive services.

Alabama School Forestry Initiative Brings Trees to Schoolyards
Trees can improve physical and mental health for students and commnity members.
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