CNN: The National Highway Traffic Safety Administration (NHTSA) proposes a new auto safety regulation that would require rearview back-up cameras in all new cars, pickups and SUVs by 2014. Based on the proposal, drivers must be able to see directly behind the vehicle whenever the vehicle is shifted into reverse. The rule would be phased in over the next four years, starting with 10% of new cars sold expected to comply with the mandate by Sept. 2012; 40% by Sept. 2013 and 100% by Sept. 2014.
The agency estimates that the addition of rear-view camera equipment would cost between $159 to $203 per car, or $88 to $158 on vehicles already equipped with some sort of display screen -- like one used for navigation. NHTSA says the total approximate cost to equip their estimate of 16.6 million vehicles sold in 2014, would be between $1.9B and $2.7B.