With the President’s announcement of higher mileage requirements — to 54.5 mpg on new cars and trucks sold in the United States by the year 2025 — came the usual promises of less dependence upon foreign oil and reduced “greenhouse gas” emissions. Said the White House blog, “Taken together, the standards established under this Administration span Model Years 2011-2015. They will save consumers money, reduce our dependence on oil, and protect the environment.”
Thanks to the standards, consumers will save an estimated $1.7 trillion dollars in real fuel costs of the life of their vehicles.
By 2025, the standards are projected to save families an estimated $8,200 in fuel savings [sic] over the lifetime of a new vehicle, [compared to] the Model Year 2010.
We will need to use less oil. [The standards] will reduce oil consumption by an estimated 2.2 million barrels a day.
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