Group Urges “Aggressive” U.S. Fuel Economy Rules
A group of 15 Republican former members of Congress, governors and administrators of the U.S. Environmental Protection Agency is urging the Obama administration to set "aggressive" fuel economy standards for 2017 through 2025.
#economics
A group of 15 Republican former members of Congress, governors and administrators of the U.S. Environmental Protection Agency is urging the Obama administration to set "aggressive" fuel economy standards for 2017 through 2025.
The group claims that raising the average fuel economy requirement by 6% per year would be achievable and cost-effective for consumers. If adopted, the plan would require passenger vehicles to average 62 mpg by 2025.
The EPA and the National Highway Traffic Safety Administration, which are scheduled to propose new fuel economy standards by the end of September, have said they are considering annual increases of 3%-6%. Carmakers say that achieving the high end of that range would be too expensive, thus reducing auto sales and eliminating jobs.
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