Current standards are 35.5 mpg by 2016
The U.S. government is looking to
increase the fuel economy standards in America and claim that an
increase from the 35.5 mpg figure dictated for 2016 to a goal of 45
mpg across an automakers fleet will save consumers a combined $140
billion on fuel costs. The increase in fuel economy standards would
also cut green house gas emissions by 42 billion tons.
IMarketNews
reports that 78% of Americans are willing
to pay more for cars with better fuel economy by there are not
enough vehicles built to meet the demand. Mark Cooper from the
Consumer Federation of America (CFA) said, "This is a case of
utter market failure. Consumer demand is not being met by vehicle
supply."
Cooper goes on to day that the auto industry is
capable of meeting a 45 mpg target by 2020 with off the shelf
technology available now. Automobile Magazine reports that the
CFA also wants to change
the governmental agency responsible for setting fuel economy
standards.
Currently, the standards are set by the NHTSA and
the EPA in a joint effort. The CFA wants to see the authority to set
economy standards given solely to the EPA because the CFA feels that
the NHTSA has been unduly influenced by the automotive industry in
past years.
Jack Gillis from the CFA said, "We want to
make sure we don’t just rest on the 2016 numbers and that we’re
prepared today, and get the industry to prepare, to move
substantially beyond 2016."
It is important to note that
these mileage figures are fleet wide. That means that the fuel
economy of a carmaker's entire fleet is averaged and has to meet the
set standard. This allows the car markers to continue offering
vehicles that get fuel economy less than the goal as long as there
are more efficient vehicles available to raise the average.
Edmunds called for a change in the way
window stickers are displayed this week. The publication wants
stickers to focus
on cost to operate rather than fuel economy.
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