The U.S. Environmental Protection Agency and U.S. Department of Transportation unveiled their joint proposal that increases fuel efficiency requirements to 54.5 mpg if all reductions were made through fuel economy improvements.
The improvements would save consumers an estimated average of up to $6,600 in fuel costs over the lifetime of a 2025 vehicle for a net lifetime savings of up to $4,400 after factoring in related increases in vehicle cost. Overall, the net benefit to society from this rule would total more than $420 billion over the lifetime of the vehicles sold in from 2017-25, the government said.
“Today’s announcement is the latest in a series of executive actions the Obama Administration is taking to strengthen the economy and move the country forward because we can’t wait for Congressional Republicans to act,” according to the release.
But the National Automotive Dealers Association said that the new standard could end up hurting the environment.
So what will these new vehicles be like and what technologies will automakers use to reach these goals? Here are some predictions: