The federal government is pushing hard
for manufacturers to clean up their act when it comes to emissions
and fuel economy. Over the past few decades, we've seen power
output for mainstream vehicles increase rapidly while appreciable
gains in fuel economy haven't come nearly as fast.
That is about to change thanks to new
regulations touted by the Obama administration. In typical Washington
fashion, the new
CAFE standard of 34.1 mpg set by the NHTSA and the EPA is buried
within a 1,469-page document. The fleet-wide 34.1 mpg figure must be
met by auto manufacturers by 2016.
“These historic new standards set
ambitious, but achievable, fuel economy requirements for the
automotive industry that will also encourage new and emerging
technologies,” said NHTSA Secretary Ray LaHood. “We will be
helping American motorists save money at the pump, while putting less
pollution in the air.”
Automakers will gradually increase the
fuel efficiency of their vehicles -- passenger cars will required to
meet an average of 33.3 mpg in 2012 and 37.8 mpg by 2016. Trucks, on
the other hand, will be required to achieve an average of 25.4 mpg in
2012 and by 2016, the requirement will be 28.8 mpg. Overall CAFE
(cars and trucks combined) must meet or exceed 29.7 mpg in 2012 and
rise from there until 34.1 mpg is reached in 2016.
Automakers are expected to take a hit
to their wallets of $51.5 billion over a five year span -- auto
buyers can expect to pay nearly $1,000 extra for a new car that meets
these new regulations. The government counters, however, that the the
average driver will save roughly $3,000 in fuel costs over the life
of the vehicle and the "benefit to society" thanks to
reduced emissions and fuel consumption will ring in at $240 billion.
The EPA will also provide incentives to
automakers that produce plug-in hybrid vehicles (the incentives will
be available for the first 200,000 units produced per automaker).
“This is a significant step towards
cleaner air and energy efficiency, and an important example of how
our economic and environmental priorities go hand-in-hand,” added
EPA Administrator Lisa Jackson. “By working together with industry
and capitalizing on our capacity for innovation, we’ve developed a
clean cars program that is a win for automakers and drivers, a win
for innovators and entrepreneurs, and a win for our planet.”
Automakers are already stepping up
their efforts to increase fuel efficiency (even without the use of
hybrid powertrains) as witnessed by manufacturers like General
Motors, Ford, and Hyundai. Chevrolet's upcoming compact
Cruze Eco will be available in a variant that will achieve 40
mpg. Ford is touting its upcoming
subcompact Fiesta as achieving 40 mpg on the highway. Hyundai, on
the other hand, is proud of its new midsize Sonata which achieves
35 mpg on the highway.