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| source: EIA via mongabay.com |
Just in time to
prick Ann Romney's bubble at the Republican coronation of her husband as the Party's nominee, the Administration announced that it will implement new fuel efficiency standards that double automobile fuel economy to 54.5 miles per gallon by 2025. Automotive manufacturers endorsed the idea of increased fuel efficiency a year ago while claiming the new rules will be difficult and costly to achieve. The auto makers alliance required a mid-term review in 2017 in return for their participation in a single national program. The new standards could achieve significant reductions in global warming pollution in the United States if they are adopted in full and were got a positive reception from environmental organizations. The rules were criticized by others as making new automobiles too expensive for an estimated 7 million people since the average price of a new vehicle is expected to rise by nearly $3,000.
In related auto news, General Motors said it will again suspend production of its new hybrid electric vehicle, the Volt, due to a lack of demand. The Detroit-Hamtramck plant will close from September 17th through October 15th. Volt sales slowed after an investigation into the car's safety late last year. The National Highway Traffic Safety Administration concluded in January that the Volt poses no more fire risk than other cars. Through July, GM sold 10,666 units in the US, far below projected sales. Idled workers will receive unemployment compensation during the month shut-down at about 90% of their normal pay.
