Washington, D.C.—Proposed EPA/NHTSA fuel economy rules will lead to cost-effective consumer investments in fuel-efficient vehicles that will in turn stimulate economic activity and create an estimated net gain of 300,000 to 400,000 jobs per year on average over the period 2017 to 2025. The new rule will raise average new car and light truck fuel economy to 49.6 miles per gallon by 2025.
“The rule will drive further fuel economy gains in gasoline vehicles and begin to pull advanced technologies into the market,” said ACEEE’s Economic and Social Analysis Program Director John A. “Skip” Laitner. “Resulting investments in more fuel-efficient vehicles should accelerate and optimize the creation of new jobs, reduced oil dependence, a more robust economy, and reduced greenhouse gas emissions.”
Laitner is scheduled to appear at the third and final hearing for the EPA and NHTSA joint proposed rules ‘‘2017 and Later Model Year Light-Duty Vehicle Greenhouse Gas Emissions and Corporate Average Fuel Economy Standards’’ in San Francisco, California. Thus far hearings have been well attended and the proposed rules have received widespread support. Prior hearings were held in Detroit, Michigan on January 17 and Philadelphia, Pennsylvania on January 19.
To read the testimony, click here.