Trucks more efficient
Today's report from the EPA showed trucks are becoming more efficient, but those gains are largely being offset by the shift in some buyers from cars to trucks.
Automotive fuel efficiency rules are a cornerstone of President Barack Obama's climate policy. The administration has said better fuel efficiency will cut 6 billion metric tons of greenhouse gases over the lifetime of the vehicles sold between 2012 and 2025. That is more than the total amount of carbon dioxide emitted by the U.S. economy in 2010, the administration has said.
The fuel economy rules for 2017-2025 will cost the industry $157.3 billion, according to Obama administration estimates, but would save consumers as much as $488 billion at the pump assuming gas prices average $3.53.
However, those goals are at risk. Federal regulators and California are working on a report, due in mid-2016, that will set the terms of bargaining with automakers over whether efficiency standards for a final 2022-2025 period should be eased, stay the same or made tougher.