Gas prices may be falling, but hybrid production is not

A CNBC column by Phil LeBeau says that while gas prices are falling, production plans for hybrid and electric vehicles is stronger than ever. He lists three reasons why automakers are ramping up their investments in green vehicles: (1) Gas prices will eventually rebound; (2) CAFÉ standards; and (3) Emission, clean air standards.

LeBeau notes that regardless of what happens with gas prices, U.S. automakers must meet a fleetwide average mileage of 54.5 miles per gallon by 2025. That’s a long way from where the industry is right now, at roughly 31 miles per gallon.

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