Automotive enthusiasts were excited several years ago when former President Barack Obama signed a law referred to as the Replica Car Bill on December 4th, 2015. The law opened the door for an entirely new business segment that would allow companies to build low volumes of replica cars that could be sold, but before that could happen, the EPA and NHTSA had to issue their own rules. The EPA did it’s part quickly by signing off on engine, transmission and emissions packages that the companies could use.
The NHTSA has had nearly four years to issue its own rules on safety equipment required for the replica cars, but it has yet to do so. Companies that are waiting for the rules say that once the NHTSA issues them, the law would open a new business segment and could create a market with sales of $120 million to $150 million per year. The businesses have the potential to make several times that amount from exports, according to SEMA.