Obama: Cutting Carbon Emissions and Increasing Fuel Efficiency
The new fuel efficiency standards released on Tuesday by President Obama achieve several important goals:
- Resolves inconsistency between Federal standards and California standards bringing consistency to the industry. California will defer to the national standard.
- Fuel standards will rise by 10 miles per gallon to an average fuel efficiency of 35.5 miles per gallon between 2012-2016. This is a 40% increase over today's federal requirements.
- Carbon emissions will fall by 900 Million metric tons, a 30% reduction, over the course of the program.
- Program will save 1.8 Billions barrels of oil
The Government contends that the new measures will only add $600 to the cost of each vehicle sold. The text of the entire article can be found here.
