obama to set new vehicle emission standard

Obama to Set New Vehicle Rules, First Carbon Limit (Update2)
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By John Hughes and Kim Chipman

May 18 (Bloomberg) -- President Barack Obama will announce new vehicle-emission rules tomorrow, setting the first-ever nationwide limit on greenhouse-gas pollution from autos, said people familiar with the plan.

U.S.-based automakers would have to work hard to achieve the target sooner, said K.G. Duleep, managing director of consulting firm Energy & Environmental Analysis Inc. in Arlington, Virginia.

Eight-Year Cycle

The companies will have to redesign their vehicles faster than planned, “and that makes for a lot of expense because you can’t recoup the cost for whatever you’ve invested,” Duleep said.