Auto Mileage Standards Raised to 35 mpg

Ponca City, We Love You writes: "The Senate just passed a bill that will increase auto mileage standards for the first time in three decades. The auto industry's fleet of new cars, sport utility vehicles, pickup trucks and vans will have to average 35 mpg by 2020, a significant increase over the 2008 requirement of 27.5 mpg average for cars and 22.5 mpg for light trucks. For consumers, the legislation will mean that over the next dozen years auto companies will likely build more diesel-powered SUVs and gas-electric hybrid cars as well as vehicles that can run on 85 percent ethanol. Automakers had vehemently opposed legislation in June that contained the same mileage requirements and Fortune magazine reported that American automakers were starting the miles-per-gallon race far behind Japan and that the new standards could doom US automakers. At the time, Chrysler officially put the cost of meeting the proposed rules at $6,700 per vehicle. The White House announced the President will sign the bill if it comes to his desk."