Obama Unveils Ambitious Fuel Efficiency Standards

Law360, New York (July 29, 2011, 1:41 PM EDT) -- President Barack Obama said Friday his administration had struck a historic deal with 13 auto manufacturers to raise fuel efficiency standards for cars and light-duty trucks by 2025, a move he said would save consumers almost $1.7 trillion in fuel costs.

The proposal would boost the average fuel economy of cars and trucks to 54 1/2 miles per gallon in 2025, a significant jump from the goal of 35 1/2 miles per gallon set for 2016.

Obama said the new standards would result in fuel savings...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.