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New Fuel Standards Announced - 54.5 miles per gallon by 2025
The U.S. Department of Transportation, Environmental Protection Agency and the White House have announced new fuel economy standards for model year 2017-2025 vehicles that will require cars and light trucks to yield a combined 54.5 mpg, as was proposed back in July.
According to the government, these new Corporate Average Fuel Economy standards will help save as much as 2.2 million barrels of oil per day by 2025, reducing our dependence on foreign oil and saving vehicle owners plenty of money at the pump. In fact, the fed says that a consumer purchasing a new car in 2025 will save $6,600 in fuel costs over the lifetime of that vehicle. Of course, the technologies required to achieve these new targets will make vehicles more expensive too, but the agencies claim that consumers will still save $4,400 over the life of a vehicle after factoring in those extra costs.
The new CAFE rules will follow current 2011-2016 standards that call for cars and light trucks to hit 34.1 mpg combined by 2016. The rule is backed by over 100 members of Congress, and if adopted will undergo a 90-day comment period before becoming official.
The U.S. Department of Transportation, Environmental Protection Agency and the White House have announced new fuel economy standards for model year 2017-2025 vehicles that will require cars and light trucks to yield a combined 54.5 mpg, as was proposed back in July.
According to the government, these new Corporate Average Fuel Economy standards will help save as much as 2.2 million barrels of oil per day by 2025, reducing our dependence on foreign oil and saving vehicle owners plenty of money at the pump. In fact, the fed says that a consumer purchasing a new car in 2025 will save $6,600 in fuel costs over the lifetime of that vehicle. Of course, the technologies required to achieve these new targets will make vehicles more expensive too, but the agencies claim that consumers will still save $4,400 over the life of a vehicle after factoring in those extra costs.
The new CAFE rules will follow current 2011-2016 standards that call for cars and light trucks to hit 34.1 mpg combined by 2016. The rule is backed by over 100 members of Congress, and if adopted will undergo a 90-day comment period before becoming official.
