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President Proposes New Fuel Efficiency Standards

In a statement today, the President proposed new CAFE standards to bring about fuel efficiency and reduce emission of Greenhouse Gases. The President stated that through these new rules “we’re seeking to raise fuel-economy standards to an industry average of 35.5 miles per gallon in 2016, an increase of more than eight miles per gallon per vehicle. That’s an unprecedented change, exceeding the demands of Congress and meeting the most stringent requirements sought by many of the environmental advocates represented here today.”

As further noted in an announcement by the White House, these standards represent a broad consensus of government, industry, the UAW and environmentalists. “Whereas these issues seemed destined to be the subject of eternal political clashing just last year, today the President was joined on stage by the Presidents, CEOs, or other top executives from Ford, Toyota, General Motors, Honda, Chrysler, BMW AG, Nissan, Mercedez-Benz, Mazda, Volkswagon, and the United Auto Workers to announce a new consensus.”