Government May Mandate
The Bush administration has suggested it might require vehicle makers to install antilock brakes on all vehicles, the Wall Street Journal reported. The article went on to add that this is the latest safety rule to be reviewed after accidents related to Firestone tires two years ago.
Industry representatives told the Wall Street Journal that requiring anti-lock brakes alone could cost car makers more than $600 million. In the U.S., ABS is currently standard on many luxury and mid-price models but costs consumers $300 to $600 as an option on lesser vehicles.
However, John Graham, head of the Office of Management and Budget office of information and regulatory affairs, said in written testimony presented to a House sub-committee on Feb. 28, 2002 that requiring anti-lock brakes is “worthy of consideration.” Graham cited insurance industry research that indicates anti-lock brakes can reduce fatal crashes by as much as 9 percent over several years, the Wall Street Journal added.