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Executive Summary
Legislation
to increase Corporate Average Fuel Economy (CAFE) standards for cars and trucks
was included in the Senate energy bill (H.R. 6) that was passed in June of this
year, marking the first time in over thirty years that either House of Congress
has passed an increase in CAFE standards.
The
Senate CAFE would raise gas mileage standards for cars and trucks from 27.5
miles per gallon (mpg) and 22.2 mpg respectively to 35 mpg by 2020. This would
save Michigan consumers $977 million dollars at the pump in 2020, reduce oil
consumption by 42,718 barrels per day in 2020 and having global warming
emissions equivalent to taking 516,739 cars off the road in 2020.
Nationwide
the savings would be even more significant. In 2020, the Senate fuel economy
legislation would reduce our national oil consumption by 1.2 million barrels
per day, save consumers $26.5 billion dollars and have the global warming
emissions reductions equivalent to taking 14 million cars off the road.
Increasing CAFE standards is one of the biggest steps we can take to reduce our
dependence on foreign oil, improve our national security and move us on the
path towards a new, clean, energy future.
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