DOT proposes 25 percent increase in fuel efficiency standards by 2015
Department of Transportation Secretary Mary Peters proposed a 4.5 percent per year increase in fuel efficiency standards for passenger and light truck vehicles from 2011-2015.
For passenger cars, the proposal would increase fuel economy from the current
27.5 miles per gallon to 35.7 miles per gallon by 2015. For light trucks, the
proposal calls for increases from 23.5 miles per gallon in 2010 to 28.6 miles
per gallon in 2015.
All told, the proposal will save nearly 55 billion gallons of fuel and a reduction in carbon dioxide emissions estimated at 521 million metric tons. The plan will save America's drivers over $100 billion in fuel costs over the lifetime of the vehicles covered by the rule, Secretary Peters said.
As required by Congress, the proposed rule allows for automakers to earn credits for exceeding Corporate Average Fuel Economy, or CAFE, serving as an incentive for companies to exceed these goals. The full proposal can be viewed here and the press release can be viewed here.
All told, the proposal will save nearly 55 billion gallons of fuel and a reduction in carbon dioxide emissions estimated at 521 million metric tons. The plan will save America's drivers over $100 billion in fuel costs over the lifetime of the vehicles covered by the rule, Secretary Peters said.
As required by Congress, the proposed rule allows for automakers to earn credits for exceeding Corporate Average Fuel Economy, or CAFE, serving as an incentive for companies to exceed these goals. The full proposal can be viewed here and the press release can be viewed here.
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