Can you believe it? Good news from Washington!
The Obama administration announced on Thursday that the US Department of Transportation and the EPA have set new fuel efficiency standards that will cut greenhouse gas emissions from vehicles by about 30% by the year 2016.
The new combined fuel economy average of 35.5 miles per gallon will not only reduce emissions by nearly a billion tons of greenhouse gases over the lives of all regulated vehicles, but will save owners of an average 2016 car about $3,000 in fuel over the life of the vehicle.
An editorial in today's NY Times summed it up nicely:
The new automobile fuel economy standards formally adopted by the Obama administration on Thursday will yield a trifecta of benefits: reduced dependence on foreign oil, fewer greenhouse gas emissions, and consumer savings at the pump.