New Fuel Economy Standards Imposed: Separating Hype From Reality

By:  Bob Adelmann
08/30/2012
       
New Fuel Economy Standards Imposed: Separating Hype From Reality

 The hyperbole surrounding the White House's announcement yesterday of much higher fuel economy mandates is in sharp contrast to what consumers really want.

The hyperbole surrounding the White House’s announcement that vehicles must get 54.5 miles per gallon by the year 2025 or else their manufacturers face fines and other sanctions was nearly suffocating. The National Highway Traffic Safety Administration (NHTSA) said:

When combined with previous standards set by this Administration, this move will nearly double the fuel efficiency of those vehicles compared to new vehicles current on our roads.

In total, the Administration’s national program to improve fuel economy and reduce greenhouse gas emissions will save consumers more than $1.7 trillion at the gas pump and reduce U.S. oil consumption by 12 billion barrels.

President Obama was equally ebullient:

These fuel standards represent the single most important step we’ve ever taken to reduce our dependence on foreign oil. This historic agreement builds on the progress we’ve already made to save families money at the pump and cut our oil consumption.

By the middle of the next decade our cars will get nearly 55 miles per gallon, almost double what they get today. It’ll strengthen our nation's energy security, it's good for middle class families and it will help create an economy built to last.

Department of Transportation (DOT) Secretary Ray LaHood added:

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