Print 93 comment(s) - last by TheJian.. on Sep 20 at 3:59 AM

Romney says the new standards are "extreme," but Obama disagrees

This week was particularly monumental for the auto industry as the Obama administration finalized the new Corporate Average Fuel Economy (CAFE) standards. The new rules have faced some criticism, but President Barack Obama isn’t backing down.
The criticism comes from Obama’s presidential election opponent Mitt Romney, who believes there is a better method of increasing fuel economy than changing CAFE standards.

"Just yesterday, my opponent called my position on fuel efficiency standards extreme," said Obama. "It doesn't seem extreme to me to want to build more fuel efficient cars. Maybe the steam engine is more his speed."

Obama further added that the new CAFE standards will allow U.S. drivers to fill up their gas tanks "half as often." But when the new rules were finalized Tuesday, Romney failed to see the benefit to driving citizens. 

"Governor Romney opposes the extreme standards that President Obama has imposed, which will limit the choices available to American families," said Andrea Saul, Romney spokeswoman. "The president tells voters that his regulations will save them thousands of dollars at the pump, but always forgets to mention that the savings will be wiped out by having to pay thousands of dollars more upfront for unproven technology that they may not even want."

The new fuel efficiency standards for 2017-2025 will cost the auto industry $157.3 billion and add an average of $2,000 extra to the sticker price of new autos.

While some are clearly unhappy with the new standards, others are seeing added benefits. Honda, for example, was delighted to see that the standards provided extra credits for those selling natural gas-powered vehicles. Tesla also jumped on the CAFE bandwagon when it learned that it could sell any credits for surpassing the standards to companies that haven't.

The CAFE standards will raise the average fuel efficiency of cars and light trucks to 54.5 mpg by model year 2025. These new standards, which were created by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Transportation’s (DOTs) National Highway Traffic Safety Administration (NHTSA), were based off of the Obama Administration's first standards raised average fuel efficiency to 35.5 mpg by 2016. It was intended for cars and light trucks during model years 2011-2016.

The 54.5 mpg CAFE standard aims to save consumers more than $1.7 trillion at the gas pump, cut U.S. oil consumption by 12 billion barrels, reduce greenhouse gas emissions by 6 billion metric tons over the course of the program, and encourage the adoption of autos like electric vehicles (EVs) and plug-in hybrids. 

Source: The Detroit News

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

Kill the EPA
By TheJian on 9/20/2012 3:59:58 AM , Rating: 2
They only hurt our economy and pay off Green friends. Wasted cash. Oil/gas would be super cheap once Romney is elected and the drill baby drill starts. We will finally get off arab's oil tit. This is exactly why they just said they'll pump out more for us in Saudi Arabia. They understand the war on oil in this country will end if Romney gets in, thus killing their oil barrel prices...LOL. So they need another 4 years and Obama's green crap or they'll be in for a world of hurt shortly. There is a reason Kharma costs $100K. These things are a ripoff and can't be made cheaply even OUT of the country by finland :) Though they did have the "idea" they'd try to build on here in 2013/2014 for $45K, which none of us can afford in this economy anyway.

There is a reason this crap needs govt funding too. AS no GOOD business man (Romney types) will ever fund a project that is already a LOSER before the first $1 is spent. Their own agency told them batteries would be beaten to death by china prices 2 years before any of this started. They weren't wrong. But hey, Al Gore has made $100mil on this climate crap. That's good right?...LOL. Kill green ideas that can't be funded by a PRIVATE company and we'll start saving a lot of money. If private industry won't touch it, it can't be done without us footing the bill. These projects will lose money until we remove the prick forcing them down our throats for his friends.

“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs

Most Popular ArticlesAre you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Leaked – Samsung S8 is a Dream and a Dream 2
September 25, 2016, 8:00 AM
Yahoo Hacked - Change Your Passwords and Security Info ASAP!
September 23, 2016, 5:45 AM
A is for Apples
September 23, 2016, 5:32 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki