01 Aug '11, 3pm

Will The New MPG Standards Save You Money?: The more you look at it, the better the 54.5 MPG standard unfurled...

The more you look at it, the better the 54.5 MPG standard unfurled by the White House looks. As reported earlier , the White House and several car makers showed off a proposed standard last week that would require auto manufacturers to hit a fleet average of 54.5 MPG by 2025 for cars and light trucks. Car makers currently are at a 28.3 MPG average and need to hit 34.1 MPG by 2016. (See our story on ten technologies that will help automakers hit the new standards.) Some fear that the standards will add costs to cars. The Center for Automotive Research in a recent report said that the standards could add $11,290 to the cost of cars in 2025 with a net-net cost to consumers (higher car price plus electricity minus saved gas) of around $4,500 to $8,000 in a worse-case scenario. CAR is more skeptical than most. The Boston Consulting Group projects that it might add $2,000 to the...

Full article: http://www.greentechmedia.com/articles/read/will-the-new-...

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