Friday, 02 April 2010 13:01

EPA Improves Fuel Economy Standards

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The Obama administration and the EPA have officially moved to improve vehicle fuel economy standards, which would save drivers money on gas and reduce greenhouse gas emissions over the lifetime of a vehicle. The improvement will require automakers to provide new vehicles with a fleetwide average of 35.5 miles per gallon (MPG) by 2016, up from 27.3 MPG in 2011 - about a 30% gain in fuel efficiency. While critics of the move quickly point out that the improvements in technology would add to the prices of vehicles, the savings in fuel will more than offset the initial cost of the vehicle. The New York Times reports that owners of a new car that meets the higher fuel efficiency standard in 2016 will save about $3,000 in fuel over the life of their car - all while polluting less. In aggregate, the new vehicles sold are expected to help save roughly a billion tons of greenhouse gas emissions.
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