White House Sets Fuel Economy Target of 54.5 MPG by 2025
Doubling the Current AverageIt's finally official, after decades of stagnation, things are moving forward: The U.S. fuel economy targets for passenger vehicles will be 34.1 MPG by 2016 and 54.5 MPG by 2025. The Obama White House has announced today that it had finally issued the 54.5 MPG rule after many delays (the new regulation was first proposed in 2011), with the goal of reducing fuel consumption and cutting greenhouse gas emissions.
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The Department of Transportation (DOT) projects that "when combined with previous standards set by this 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 national program to improve fuel economy and 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. It’ll strengthen our nation's energy security, it's good for middle class families and it will help create an economy built to last.”