New Fuel Efficiency Standards
CAFE (Corporate Average Fuel Economy) regulations have regulated the fuel consumption of American vehicles since 1975. In 2009, President Obama had raised the bar on automotive manufacturers to achieve an average of 35.5mpg across their product lines by 2016. His latest announcement brings that requirement even higher. Beginning in 2017, each model year will be required to achieve a 5% increase over prior years until reaching a peak of 54.5mpg by 2025. Environmentalists were pushing for a 60mpg requirement while manufacturers countered their top selling pick-up trucks would need a longer development cycle to reach that goal. Ultimately, the 54.5mpg concession is predicted to cut America’s current oil dependency in half.
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What goes down must come up by Travis
I’m for innovation and better gas mileage for sure… One question I keep asking myself is while consumer cost for gasoline will go down (by not consuming as much) won’t we see price hikes for coal and electricity? Even the battery replacement is very expensive (too make as well as replace).
Another observation I’ve seen is that as you look at the time where America was exploding in innovation and leading in nearly all advancement, energy too (and its consumption) was expanding rapidly too. It seems to me that we are trying to constrain or restrict the energy industry but trying to maintain the same level of technological advancements.
I think there needs to be some healthy debate as to how to expand efficiently our energy industry rather than shifting our source of energy. There has been very interesting discussion on safer nuclear facilities and processes for instance, though the recent incidents have scared everyone from this.
Any thoughts?