09 Aug '11, 6pm

Landmark US Fuel Standards for Trucks to Save $50B

Landmark US Fuel Standards for Trucks to Save $50B

U.S. President Barack Obama formally announced fuel efficiency and greenhouse gas emissions standards for heavy-duty commercial vehicles today -- the third set of strict regulations put in place by the administration to cover cars, light-duty trucks and now the workhorses for commercial hauling. The widely expected rules are projected to save companies $50 billion in fuel costs, cut oil consumption by 530 million barrels and avoid 270 million metric tons of greenhouse gas emissions over the useful life of vehicles manufactured for model years 2014 to 2018 -- the period spanned by the new standards. Obama declared his intention to create the first fuel economy and GHG emissions standards for heavy-duty vehicles in May 2010, just one month after the government finalized regulations in the same vein for passenger cars and light-duty vehicles. "While we were working to improve...

Full article: http://www.greenbiz.com/news/2011/08/09/landmark-us-fuel-...

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