From: Competitive Enterprise Institute
Today, the Associated Press reports that the U.S. Department of Transportation (DOT) will not promulgate a costly new regulation, setting the stage for withdrawal of its notice of proposed rulemaking (NPRM) mandating vehicle-to-vehicle communications (V2V) devices be installed on all new automobiles. The Competitive Enterprise Institute (CEI) applauds this important decision. The V2V NPRM was published on January 12, 2017, just a week prior to inauguration, in a clear attempt to ram through this costly proposal at the last minute.
The magnitude of this decision cannot be overstated. As noted by the American Action Forum:
At $108 billion in long-term regulatory costs, if finalized, it would rank as the second most expensive regulation in more than a decade, according to AAF’s Reg Rodeo. Only the 2017 to 2025 CAFE standards, at $156 billion in total costs, would top the V2V rulemaking. On an annual basis ($5 billion), it would rank seventh on regulations finalized since 2005, but it would be the highest non-EPA measure.
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