EPA Estimates Your Share of Cost for Fuel-Economy Mandate
If you could double your new car's gas mileage, how much would that be worth to you? If you're thinking of a number somewhere in the neighborhood of $2,600, you'll at least be spared the sticker shock. The EPA projects new-vehicle prices will rise by that much to help automakers offset the cost of meeting 2025 corporate average fuel economy standards.
According to the Detroit Free Press, the EPA says that $2,600 — the projected average price difference between 2011 and 2025 vehicles — represents the most cost-effective route to meeting the federal mandate that automakers achieve a fleet average of 54.5 mpg by 2025. In real-world numbers that translates to about 40 mpg, up from about 20 mpg in 2010, the newspaper reported.
EPA-recommended fuel-saving measures include turbocharged, direct-injection engines in most gas-burning vehicles; eight-speed automatic transmissions in most vehicles; use of lightweight materials like aluminum; and more widespread sales of mild hybrids, hybrids and electric vehicles.
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What absurd predictions we are subjected to!! In an age where most of us don't know what will happen tomorrow, these economic geniuses are predicting what will happen in 2025. Give me a break!! Kind of reminds me of "climatologist" telling us the amount of this and that in the air and how it will decrease ice floes by so many inches by 2050 or our President telling us if unemployment is more that 7% at the end of his first term, he shouldn't be elected to a second term. The only sure predictions that I am aware of is that the sun will rise in the morning somewhere and at some time we will all be dead.
I was disappointed that Obama would lie about 'doubling the distance our cars will go on a gallon of gas'. Even Yahoo News fact checked it and found it to be false. I still support the President but my patience is wearing thin so he needs to step it up big time. Otherwise he's going to be known as The Great Disappointment. Let's hope for the best.
Cars still burn gas and cost money?! Obama, what were you thinking???