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Articles tagged with: american automakers

White House Seeks To Increase Auto Industry Avg To 56MPG

The White House unveiled an ambitious proposal to update the Corporate Average Fuel Economy standards. The new plan would require auto manufacturers to bump the average fuel economy from 34mpg by 2016 and 56.2mpg by 2025.

The new MPG requirement will apply to cars, trucks, and SUVs and represents about a 5% per year of fuel efficiency. Although the new requirement will no doubt be expensive, it will also save the United States 4.7 billion barrels of oil and $705 billion US by year 2030.