President Obama Announces 54.5 MPG Fuel Efficiency Standard

President Obama announced an agreement with thirteen major automakers to track the next phase in the Administration's national vehicle program, increasing fuel economy to 54.5 miles per gallon for cars and light-duty trucks by Model Year 2025.

The President was joined by Ford (F), GM (GM), Chrysler, BMW, Honda (HMC), Hyundai, Jaguar/Land Rover, Kia, Mazda, Mitsubishi, Nissan (NSANY), Toyota (TM) and Volvo, which together account for over 90% of all vehicles sold in the United States, as well as the United Auto Workers, and the State of California.

Building on earlier agreements for Model Years 2012-2016 vehicles, which will raise fuel efficiency to 35.5 mpg, the next round of standards will require performance equivalent to 54.5 mpg or 163 grams/ mile of CO2 for cars and light-duty trucks by Model Year 2025.

Category:

News & Politics

Tags:

• President Barack Obama
• Fuel
• Gasoline
• business
• finance
• stock
• trading
• market
• news
• analysis

[EndLessReDeMpTion]

umm thats a ways away...

[heartlessvietboy]

Here is how The Mandate Should be. Every Vehicle is to be equipped with an Electric Motor and improve MPG to at Least 35 MPG. Trucks and SUV's alike except for Heavy Duty Work Trucks. This will increase Lithium and Electric Motor Production by 200% by 2020.

[pgyogurt]

I hope the President also has a new, dedicated funding stream for the Highway Trust Fund as this mpg fuel efficiency standard will render it completely insolvent. While he's at it, the President could also propose to the automakers to tap into the passenger rail industry and add to their automotive services some electric-diesel engines and rolling stock to create an underserved, potentially lucrative transport market of intercity rail, high speed, commuter and transit lines.

[just1fix2004]

earth should be good and messed up by then