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New law could launch dozens of new car companies, electric DeLorean
Classic car fans can now buy replicas of their favorite models
Fox News automotive editor Gary Gastelu discusses the replica classic cars used in the movie ‘Ford v. Ferrari.’
The F.A.S.T. act was slow to take full effect, but a provision in the 2015 legislation is finally about to launch a new era of automaking in the United States.
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The Fixing Americas Surface Transportation Act, signed by President Obama, included a Low Volume Vehicle Manufacturers Act that provided rules to allow small car companies to build and sell replica classic cars without having to meet current crash test safety standards, which would make them too expensive to manufacture in small amounts.
Prior to the law, such vehicles could only be offered as component or “kit” cars that required the buyer to install a drivetrain and register it under various state-level regulations. With the new rules, companies that sell fewer than 5,000 cars globally each year can get VIN numbers to sell up to 325 cars in the U.S. annually, as long as they are licensed replicas of vehicles at least 25 years old and are equipped with emissions-compliant powertrains.
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