Every year, some Industry Market Trends coverage rises to the top. Here’s your chance to catch up on and discuss the issues that matter most to our readers, from U.S. manufacturing competitiveness to futuristic technology and bridging the skills gap. Read more
It’s no secret that with each rise in government mandated fuel efficiency standards for vehicles, a corresponding rise in blood pressure among opposition groups occurs.
In August, the Obama administration did something that was largely lost in the noise of the presidential race: It issued cleaner auto standards that will raise fuel efficiency to 54.5 miles per gallon by 2025. That’s roughly twice the average mileage of cars on the road today. The standards are expected to save consumers $1.7 trillion at the pump and cut U.S. oil imports by one-third, in addition to reducing the nation’s greenhouse gas emissions.
The U.S. Environmental Protection Agency (EPA) regulates auto emissions under the auspices of the Clean Air Act, and the National Highway Traffic Safety Administration (NHTSA) has the authority to boost Corporate Average Fuel Economy (CAFE) standards for passenger vehicles. Read more