In a move geared to generate lots of media mileage for the Democratic incumbent during the week of the Republican National Convention, U.S. President Barack Obama finalized groundbreaking standards for fuel economy on August 28—increasing the requirements for cars and light-duty trucks to the equivalent of 54.5 miles per gallon (mpg) by model year (MY) 2025.
When combined with previous standards set by this Administration, this move will nearly double the fuel efficiency of those vehicles, compared to new vehicles currently on our roads. In total, the Obama Administration’s national program to improve fuel economy and reduce greenhouse gas emissions will save consumers more than $1.7 trillion at the gas pump and reduce U.S. oil consumption by 12 billion barrels.
“These fuel standards represent the single most important step we’ve ever taken to reduce our dependence on foreign oil,” said President Barack Obama. “This historic agreement builds on the progress we’ve already made to save families money at the pump and cut our oil consumption. By the middle of the next decade our cars will get nearly 55 miles per gallon—almost double what they get today. It’ll strengthen our nation’s energy security, it’s good for middle class families and it will help create an economy built to last.”
The standards—issued by the U.S. Department of Transportation (DOT) and the U.S. Environmental Protection Agency (EPA) —build on the success of the Administration’s standards for cars and light trucks for MY2011 through MY2016. Those standards, which raised average fuel efficiency to the equivalent of 35.5 MPG, already are saving Americans money at the pump... Read More
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