Fuel efficiency standards targeted by Obama administrationJuly 31, 2012
U.S. legislative session coming to an end, fuel efficiency standards still on the table
As another legislative session in the U.S. inches closer to finishing, some have criticized the federal government for its apparent lack of activity. The summer session has been long and grueling, with little work getting done in the way of legislation. As federal lawmakers begin to head home, the Obama administration is to pull off what may be the most aggressive political move seen during this entire legislative session. President Obama is looking to sign off on aggressive fuel efficiency standards that could have serious implications for the auto industry.
Fuel efficiency standards could have an impact on the auto industry
Fuel efficiency has been a major concern of the government in recent months. Legislators have been working to establish more aggressive fuel efficiency standards in order to reduce the country’s reliance on fossil-fuels and ensure that new vehicles meet emissions standards. Many of the standards already in place directly affect the auto industry. Indeed, these standards, as well as those in other countries around the world, have been a contributing factor to the auto industry’s adoption of hydrogen fuel cells.
Standards could create half a million jobs and return trillions of dollars to consumers
The Obama administration is currently finalizing details of a program that is meant to ensure that passenger vehicles will average approximately 54-miles per gallon by 2025. The plan itself is somewhat ambitious, but the Obama administration believes that such a feat is entirely possible, especially with the majority of large automakers taking a keen liking to hydrogen fuel. If successful, the administration belives that the plan could create more than 500,000 jobs and return $1.7 trillion to consumers through fuel savings.
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Fuel efficiency beginning to gain attention for economic potential
Fuel efficiency has long been considered a matter of the environment. As with the other aspects of sustainability, fuel efficiency is beginning to get attention for its economic implications. With economics beginning to play a larger role in sustainability, governments are more likely to take matters like fuel efficiency more seriously in the future.
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