Praise for Obama Administration’s Fuel Efficiency Final Rule
The Alliance praised the Obama Administration’s finalization of standards nearly doubling the fuel efficiency of new cars and light trucks to an historic 54.5 miles per gallon by model year 2025.
The White House said the new standards, in combination with those already in place for models years 2011-2016, nearly double the fuel efficiency of new vehicles to save consumers more than $1.7 trillion in gasoline costs. That amounts to an average of more than $8,000 per family by 2025 over the lifetime of a vehicle and is equivalent to lowering the price of gasoline by about $1 per gallon.
In addition, the standards will reduce U.S. oil consumption by a total of 12 billion barrels – more than 2 million barrels a day by 2025, or as much as half of current daily imports from OPEC.
Win-Win for U.S. Families, Nation
“Today’s historic fuel efficiency announcement is a win-win for American families and for the United States,” said Alliance Senior Vice President for Policy and Research Floyd DesChamps. “Families will save at the pump, and our nation’s reduced dependence on foreign oil will make us more secure.”
The standards also will halve greenhouse gas emissions from vehicles by 2025 and by 6 billion metric tons over the life of the program – more than the total amount of carbon dioxide emitted by the United States in 2010, according to the White House.
- Michael Timberlake; (202) 448-8758