US: Obama wants more efficient trucks, but will they be affordable? image

Recently, President Obama announced it intends to call for new regulations that would see medium and heavy-duty trucks in the States become even more fuel-efficient and eco friendly. Analysts now question whether the independent truck drivers would be able to cope with the costs.

Independent truck drivers fear the worst – they would be the big losers as they are already faced with increased costs due to the regulations imposed a few years ago.

“Each year for the past 10, more and more truckers are squeezed out of the option to buy new equipment because of ever increasing prices due to government requirements that are long on promises but way short on performance,” said Todd Spencer, executive vice president of the Owner-Operator Independent Drivers Association.

OOIDA, which represents 150,000 owner-operators, leased operators and company drivers, warns that new mandatory regulations will keep driving up new trucks prices – forcing and unfortunate outcome: truck owners would hold on more to their aging equipment.

“We’re not talking about some 60-watt light bulbs here where poor performance or premature failure is a minor inconvenience. Large trucks are vital tools, essential to our economy and our way of life, and most trucker operators are small-business people just getting by,” said the group.

American Truck Dealers, a division of the National Automobile Dealers Association, already estimates the new EPA mandates on the segment, imposed from 2004 through 2010, have upped the cost of every new truck by $21,000.

Via Forbes