Fuel Efficiency of New Cars Hits Record High in U.S.
The average fuel economy for new vehicles sold in the U.S. reached a record 24.1 miles per gallon in October, according to the University of Michigan's monthly Eco-Driving Index.
#economics
The average fuel economy for new vehicles sold in the U.S. reached a record 24.1 miles per gallon in October, according to the University of Michigan's monthly Eco-Driving Index.
The previous sales-weighted high of 24.0 mpg was set in March. The university's index averaged 23.0 mpg in October 2011 and 20.1 mpg five years ago.
The group, a part of the Univ. of Mich. Transportation Research Institute, calculates that the average monthly emission of greenhouse gases per U.S. driver has dropped 19% since October 2007. The measurements are based on the Environmental Protection Agency's mileage ratings and the average distance driven.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.