The administration and the leaders of the big three (Ford, General Motors and Dodge) have reached an agreement for the future fuel economy standards for the nations automotive needs.
The target fuel economy is now set at require U.S. vehicle fleets to average 54.5 miles per gallon. That represents a 40 percent reduction in fuel consumption compared with today’s vehicles. The environmental and public health groups have been fighting for a target of 62-mpg to be the standard.
The 62 Mpg target year?
The President will unveil the details of the program Friday at the Walter E. Washington Convention Center.
The fuel economy increase will of course spark a new rise in the fuel prices as we move forward and take us to the $8 to $9 a gallon mark by 2020.
Read the Washington Post story: Automakers, Obama administration agree on fuel efficiency standards through 2025 here.
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