U.S. regulators propose requiring backup cameras in all new cars by 2014

(Bloomberg) - U.S. auto-safety regulators proposed requiring backup cameras on all new vehicles by 2014 to prevent drivers from backing over pedestrians, a rule that may cost as much as $2.7 billion.

The National Highway Traffic Safety Administration, which published the proposed rule today, said an average of 292 people die each year from back-over accidents, which primarily kill children and the elderly. To equip a new-vehicle fleet of 16.6 million produced in a year would cost from $1.9 billion to $2.7 billion, the agency said in the proposal, calling the cost "substantial" and saying it might reduce back-over deaths and injuries by almost half.

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