The impact of investments in energy efficiency extends well beyond reducing energy costs or addressing the environmental impacts of energy extraction and use. These investments provide jobs for American workers and help them to support their families and communities.
The Department of Transportation and the Environmental Protection Agency today finalized federal car and light truck fuel economy and greenhouse gas emissions standards for model years 2017 to 2025. The standards, together with those previously adopted for model years 2012 to 2016, mean an 80 percent increase in fuel economy for the average model year 2025 vehicle from the 2011 CAFE (Corporate Average Fuel Economy) requirement of 27.6 miles per gallon.
Although Congress has been unable to pass comprehensive energy and climate legislation so far, there is hope for energy efficiency legislation in the not-too-distant future. Energy efficiency is cost-effective and has the potential to give the economy a boost. And importantly, energy efficiency has bipartisan support.
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.