17 Nov 2011
ERJ staff report (TB)
Tire Business staff report
Washington, DC -- The US Environmental Protection Agency (EPA) and the US Department of Transportation (DOT) joined to announce a stringent new fuel-economy standards for vehicle model years 2017-2025.
Building on the fuel-economy improvements the Obama administration previously ordered for 2012-2016, the proposed 2017-2025 standards would require passenger car and truck fleets to reach a fuel-efficiency equivalent of 54.5 mpg if all reductions are made through fuel economy improvements, according to a joint EPA-DOT press release.
Taken together, the 2012-2016 and 2017-2025 standards will reduce greenhouse gas emissions by half and nearly double fuel-economy standards over model year 2010, the agencies said.
Combined with other Obama administration energy initiatives, the new fuel-economy standards will save Americans more than $1.7 trillion at the pump, or nearly $8000 per vehicle, by 2025, the agencies said. Also, by 2025, the initiatives will save Americans about 2.2 million barrels of oil daily or 12 billion barrels altogether, amounting to nearly one-fourth of current imports, they said.
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Article from Tire Business (a Crain publication)
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