ByRochelle Jenks:In August, 2012, the government published the 2025 standards for automakers. The Corporate Average Fuel Economy (CAFE) standards require the average fuel efficiency of new cars and trucks to be 54.5 miles per gallon.
Cars averaging 23.8 mpg don't usually get much coverage on GreenCarReports — they simply aren't that green. In this instance though, that gas mileage figure doesn't refer to a particular car — it refers to every car sold in 2012.
In July 2011, the Obama administration announced the new Corporate Average Fuel Economy (CAFE) standards that will begin taking effect in 2017. The standards for U.S. light-duty vehicle fleets (passenger vehicles and light-duty trucks) will be 54.5 miles per gallon (mpg) by 2025, and they piggyback on the 2009 mandate for a CAFE average of 35.5 mpg by 2016, up from 27.3 mpg in 2011.
You most likely know by now that fuel efficiency is slated to double in new vehicles by 2025. What you may not know is how much that will cost you when you buy a new car in future years. Thousands of real dollars
Not long ago, the Obama Administration raised the federal fuel efficiency standards, known as CAFE, to an average 35.5 mpg by 2016. Yesterday, they announced the CAFE were being raised again to historically high levels. For model year 2025, the average fuel economy for cars and light-duty trucks will be set at 54.5 mpg. This will mean a nearly doubling of fuel efficiency compared to cars that are on the road today. The new policy was issued by the US Department of Transportation (DOT) and Environmental Protection Agency (EPA).
According to news reports, the Obama administration is talking to automakers about raising the Corporate Average Fuel Economy standard for passenger cars to 56.2 miles per gallon by 2025, more than double the 27.5 MPG in force for the 20 years up to 2010. Economists, even those like myself who favor policies to reduce fuel use, have argued that CAFE standards are a bad idea. Has anything changed to make stricter fuel economy standards look better now than in the past?