Tag: Fuel Efficiency

Volkswagen, the EPA, and Latter-day Indulgences

 

Volkswagen Group’s stock price has collapsed 30 percent since news broke last week that the company doctored engine management software to conceal tailpipe emissions exceeding EPA standards. Why would a global corporation risk an estimated $18 billion in fines and penalties to eke a bit more mileage out of a diesel power plant that is already remarkably thrifty and powerful? The figure below tells the story in one chart.

CAFE Standards