Bouncing back from an unexpected delay, the Obama Administration today formalized a more than 50% increase in federal automotive fuel economy standards.
Even with automakers struggling to meet the 2016 Corporate Average Fuel Economy, or CAFE, target of 35.5 miles per gallon, the industry will now face a 54.5 mpg goal for 2025. That figure is the result of extensive debate between industry, environmentalists and government regulators.
But there had been questions raised, earlier this month, when the White House unexpectedly delayed the release of the official rules. The 2025 CAFE proposal, like much of Pres. Barack Obama’s energy policy, had come under fire from a Republican party set to formalize Mitt Romney as its presidential nominee this week.
“These fuel standards represent the single most important step we’ve ever taken to reduce our dependence on foreign oil,” the President declared in a statement accompany the release of the new mileage regulations.