Light Duty Fuel Economy
Yesterday was the 42nd anniversary of Earth Day, but as we are often reminded, every day is Earth Day. And it’s not too late to do your part to reduce pollution by saving energy, while at the same time saving money by cutting down your utility and gas bills. Spring is a great time to make some changes around your home; here are some simple things you can do today:
Standards Would Deliver Fuel Savings That Would Stimulate the Economy and Job Growth.
Washington, D.C.—Proposed EPA/NHTSA fuel economy rules will lead to cost-effective consumer investments in fuel-efficient vehicles that will in turn stimulate economic activity and create an estimated net gain of 300,000 to 400,000 jobs per year on average over the period 2017 to 2025. The new rule will raise average new car and light truck fuel economy to 49.6 miles per gallon by 2025.
This summer marked the two-year anniversary of the Consumer Assistance to Recycle and Save (CARS) program, more fondly known as “Cash for Clunkers.” We know that the program provided consumers with a hefty chunk of money to trade in their older, inefficient vehicles for more efficient new ones. We also know that it provided a boost to carmakers and the economy by stimulating sales. Two years on, what more can we learn?
Major Increases in Car and Light Truck Fuel Economy Standards Take Shape, but Some Provisions Could Undermine Economic and Environmental Benefits
Washington, D.C.—President Obama today presented a plan to increase fuel economy and greenhouse gas standards for cars and light trucks in 2017-2025 that would raise fuel economy to 75 percent above 2010 levels. “This is a major step in reducing our oil dependence and consumers’ vulnerability to high gasoline costs,” said ACEEE Transportation Program Director Therese Langer. “By 2030, this round of standards could save more oil than we currently import from Saudi Arabia and Iraq, combined.”