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President Obama Announces Fuel Economy Standards of 35.5 mpg by 2016

By • May 19th, 2009 • Category: Clean Car Talk Posts, Mercedes-benz, Videos

President Obama made the announcement this morning in the White House Rose Garden. He 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. The President said this was a historic day. Here are a few excerpts from his speech.

…Right now, the rules governing fuel economy in this country are inadequate, uncertain, and in flux.  First, there is the standard for fuel economy administered by the Department of Transportation.  On top of that, the Environmental Protection Agency, in response to a decision by the Supreme Court, may have to set limits on greenhouse gas emissions from vehicles — establishing another standard.  California has sought permission under the Clean Air Act to require that vehicles sold in California meet yet another even stricter emission rule.  And 13 states and the District of Columbia have agreed to adopt California greenhouse gas reductions if the permission — called a waiver — is granted…

…A series of major lawsuits will be dropped in support of this new national standard.  The state of California has also agreed to support this standard — and I want to applaud California and Governor Schwarzenegger and the entire California delegation for their extraordinary leadership.  They have led the way on this as they have in so many other efforts to protect our environment.  In addition, because the Department of Transportation and EPA will adopt the same rule, we will avoid an inefficient and ineffective system of regulations that separately govern the fuel economy of autos and the carbon emissions they produce…

…In three years’ time you will have paid off the additional investment required.  So this is a winning proposition for folks looking to buy a car.  In fact, over the life of a vehicle, the typical driver would save about $2,800 by getting better gas mileage…

…in the next five years, 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…

Read President Obama’s full remarks on national fuel efficiency standards.

View President Obama’s remarks below. Courtesy CNN, 05-19-09.

CNN also ran a expert panel discussion offering views and opinions on the new announcement. View the video clip below.

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