11/17/2011 10:20:00 AM
Write a Letter to the Editor
A proposed U.S. rule requiring automakers to double average fuel economy of vehicles to 54.5 miles per gallon by 2025 could cost $157 billion, though the costs would be offset by fuel savings, two federal agencies said in a draft, Bloomberg reported.
The standard would add about $2,000 per vehicle sold by 2025, the National Highway Traffic Safety Administration and Environmental Protection Agency said in a proposed rule released Wednesday.
But the benefits â€” $419 billion to $515 billion in fuel savings â€” would offset the costs, Bloomberg said, citing NHTSA.
The proposed rule requires annual fuel-economy increases of 5% for cars, while light trucks like pickups and sport-utility vehicles can raise fuel economy at 3.5% for the first five years, and thereafter unless regulators decide differently, Bloomberg reported.
The Obama administration issued heavy-duty truck emissions standards in August that were generally well-received by the trucking industry.
Follow Transport Topics on RSS Twitter Facebook
Â© 2011, Transport Topics Publishing Group. All rights reserved.
Auto Mileage Standardsâ€™ Costs Offset by Savings, NHTSA Says (11/17/2011 10:20:00 AM)
Calif. Group Files Suit Over Trucking Greenhouse-Gas Rules (11/10/2011 12:00:00 PM)
Production Ramping Up at Kenworth Truck Plant (11/7/2011 5:00:00 AM)
ATA Extends Gravesâ€™ Tenure as President for Three Years (10/31/2011 7:45:00 AM)
Fleets Focus on Emissions, SmartWayâ€™s Bynum Says (10/24/2011 9:05:00 AM)
ATA to Ask Supreme Court to Review L.A. Port Ruling (10/24/2011 4:45:00 AM)