U.S. regulators have underestimated the cost and difficulty of achieving their vehicle fuel-economy and greenhouse-gas targets for 2025 and are giving California too much power to shape the country’s policies on those issues, an automaker group said. 

Even with the current government estimate of $1,800 a vehicle in added costs, “the payback period for alternative technologies extends beyond the timeframe most consumers consider; it is likely to remain that way,” the Alliance of Automobile Manufacturers said in a report posted on its website Monday. Members of the Washington-based lobbying group include General Motors, Ford Motor Co., Fiat Chrysler Automobiles, Toyota Motor Corp. and Volkswagen AG.

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Automotive Lobbying Group Says EPA Has No Clue What New Standards Will Cost And That California Has Too Much Control

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