While details are being withheld until tomorrow’s formal White House announcement, there’s a growing consensus building for the apparent compromise on the nation’s future fuel economy standard – one potentially major opponent signaling it is ready to sign on.
Reports that Toyota would oppose the proposed increase in the U.S. Corporate Average Fuel Economy, or CAFE, standard “are not accurate,” Group Vice President Bob Carter tells TheDetroitBureau.com. “Toyota is not going to fight the administration’s proposal.”
Separately, a well-placed company official said it would be a self-destructive move for “the Prius company,” to try to scuttle the compromise that is expected to call for passenger cars to meet a 56.2 mile per gallon mandate by 2025. To bring the industry onboard, President Obama apparently accepted a reduced 54.5 mpg target for pickups and other light trucks.