Tuesday, August 28, 2012

New CAFE Standards

from the inbox:

The UAW congratulates the Obama administration, the Department of Transportation and the Environmental Protection Agency on the publication of the final rules regulating Corporate Average Fuel Economy (CAFE) and Greenhouse Gas Emissions for light-duty vehicles, model years 2017-2025.

The final rules have the full support of the UAW. 

UAW President Bob King said, "These new standards will help propel the auto industry forward by giving American families long-term relief from volatile fuel prices.  Lowering the total cost of driving will make automobiles more affordable and expand the market for new vehicles."

"The standards will also provide certainty for manufacturers in planning their investments and creating jobs in the auto industry as they add more fuel-saving technology to their vehicles.  Bringing this additional content to market requires more engineers and more factory workers, expanding employment in the industry," King added.

A 2012 study by the BlueGreen Alliance, "Gearing Up," found that the standards finalized today will lead to the creation of 570,000 new jobs by 2030, largely because consumers will spend less on fuel and more on other goods and services.

"This new standard caps off a remarkable set of achievements by President Obama to save the domestic auto industry and put it on a path to long-term prosperity," said King. "Cleaner vehicles that significantly reduce our nation's oil consumption are good for the auto industry and its workers, good for the environment and good for our nation's economy."

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