Obama Administration finalizes historic fuel efficiency standards
August 27, 2012
The Obama Administration today finalized groundbreaking standards that will increase fuel economy to the equivalent of 54.5 mpg for cars and light-duty trucks by Model Year 2025.
When combined with previous standards set by the Administration, this move will nearly double the fuel efficiency of those vehicles compared to new vehicles currently on our roads. In total, the Administration's program to improve fuel economy to 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 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."
The new standards issued August 28 by the U.S. Department of Transportation and the U.S. Environmental Protection Agency build on the success of the Administration's standards for cars and light trucks for Model Years 2011-2016. Those standards raised average fuel efficiency by 2016 to the equivalent of 35.5 mpg.
Read the full news release.