29 Jul '11, 8pm

We estimate that the new fuel and CO2 standards could save consumers $80B annually by 2030.

We estimate that the new fuel and CO2 standards could save consumers $80B annually by 2030.

Today the President announced a historic agreement to increase fuel economy and carbon pollution standards for new cars and trucks, achieving the equivalent of 54.5 miles per gallon (mpg) and 163 grams per mile of CO2 by 2025. In the midst of Congressional gridlock on the debt ceiling, the Administration was able to reach agreement and was joined today by thirteen major automakers, the State of California, EPA, the National Highway Traffic Safety Administration (NHTSA) and the United Auto Workers (UAW). The improved standards translate to over 40% reductions in fuel consumption and nearly 50% reductions in carbon pollution by model year 2025 compared to today’s vehicles. As my colleagues Roland Hwang and Luke Tonachel wrote yesterday, we estimate that the new standards could save U.S. consumers over $80 billion annually by 2030. California’s leadership has for many decades...

Full article: http://switchboard.nrdc.org/blogs/smui/what_improved_poll...

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