Back in July, President Obama announced a historic agreement with thirteen major automakers to pursue the next phase in the Administration’s national vehicle program, increasing fuel economy to 54.5 miles per gallon for cars and light-duty trucks by Model Year 2025. The President was joined by car manufacturers, which together account for over 90% of all vehicles sold in the United States, as well as the United Auto Workers (UAW), and the State of California, who were integral to developing this agreement.
“This agreement on fuel standards represents the single most important step we’ve ever taken as a nation to reduce our dependence on foreign oil,” said President Obama. Now the president’s administration has drafted a new rule to institute these standards, reports Bloomberg Businessweek. While the rule will probably cost about $150 billion upfront, it stands to deliver about 3 times as much in fuel savings to the American public. Making the transition will add more American jobs to the 150,000 ones already involved in creating clean energy cars, Frances Beinecke at the huffingtonpost noted, and will result in cleaner air and thus, better health.
Sources
President Obama Announces Historic 54.5 mpg Fuel Efficiency …
http://www.whitehouse.gov/…/president-obama-announces-historic-545-m…
Jul 29, 2011 – President Obama Announces Historic 54.5 mpg Fuel Efficiency … to 54.5 miles per gallon for cars and light-duty trucks by Model Year 2025.
US 54.5 MPG Fuel-Economy Standard May Cost $157 Billion
BusinessWeek -
Frances Beinecke: Obama’s 54.5 MPG Standards Will Curb …
http://www.huffingtonpost.com/…/obamas-545-mpg-standards_b_109782…
3 days ago – President Obama has delivered another victory for clean energy innovation
