By Amy Wilson, Automotive News
Detroit, Illinois -- The US needs a new energy policy that encourages consumers to buy fuel-efficient vehicles, Ford Motor Co. Executive Chairman Bill Ford said today.
"A national energy policy that aligns a customer's pocketbook interest with society's interest is something that we need," Bill Ford told reporters at an event in Dearborn, Mich.
As to what form that may take, Bill Ford said, "I don't know. That's beyond me." He suggested as possibilities a gasoline tax or government incentives on certain types of vehicles.
CAFE, the current system that calls for each manufacturer to deliver corporate average fuel economy at a certain level, doesn't take consumer behavior into account.
"With fuel prices low and yet the demand for higher fuel economy, there was this tension that couldn't be bridged" with CAFE, Bill Ford said.
He praised European policy for more successfully using taxation to meet emissions targets.
"It worked," Bill Ford said. "Here, we have had a disconnect. And so I think part of an energy policy going forward has to be able to bridge that disconnect."