The U.S. Department of Transportation (DOT) and the U.S. Environmental Protection Agency (EPA) issued new automobile fuel economy standards that reportedly will lower costs at the gas pump by $1.7 trillion and reduce U.S. oil consumption by 12 billion barrels by 2025.
The new fuel economy standards will require a 54.5 mpg average standard for cars and light-duty trucks by model year 2025. When combined with previous standards set by the Obama Administration, the move will nearly double the fuel efficiency of those vehicles compared with new vehicles on the road today.
The American Road and Transportation Builders Association (ARTBA) has voiced opposition to the proposal, arguing that less fuel tax money will be available for construction projects and cost the highway trust fund $71 billion.
Photo credit: Ira Wexler/NATSO
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