US automakers could be placed at a competitive disadvantage by weakened fuel economy standards introduced under President Obama as China and the European Union tighten standards, according to an opinion piece in Jalopnik . If states like China introduce individual standards, compliance within the sector could become logistically complex. A spike in gas prices combined with weakened standards could also cost suppliers $90 billion in sales of fuel-efficient technologies 2022-2023 , while Fiat Chrysler , Ford and Fiat Chrysler could lose in excess of 12 sales.
US automakers could be placed at a competitive disadvantage by weakened fuel economy standards introduced under President Obama as China and the European Union tighten standards, according to an opinion piece in Jalopnik. If states like California introduce individual standards, compliance within the sector could become logistically complex. A spike in gas prices combined with weakened standards could also cost suppliers up to $1.42bn in sales of fuel-efficient technologies each year, while Fiat Chrysler, Ford and General Motors could lose in excess of 300,000 sales.