The Obama administration announced stringent new fuel standards on Thursday for cars sold in the United States. The new standards will require the full fleets for each company to average 34.1 mpg by 2016. Ordinarily, the auto companies are complaining about such regulations; this time, they seem to be in favor of them, the Detroit News reports:
The Alliance of Automobile Manufacturers, the trade group representing Detroit’s Big Three, Toyota Motor Corp. and seven others, praised the announcement. But it wants the government to start working on the rules for 2017 and beyond.
“America needs a roadmap to reduced dependence on foreign oil and greenhouse gases, and only the federal government can play this role,” said Dave McCurdy, president & CEO of the alliance. “The national program announced today makes sense for consumers, for government policymakers and for automakers.”
The auto companies will seek to meet those standards primarily with new engine and transmission designs that will provide more horsepower while consuming less fuel. Though such technology is more expensive, the EPA estimates that the higher fuel economy will save the nation $240 billion over five years.