New Gas Mileage Rules for Cars and Trucks

  • Automakers will have to get into the electric and hybrid vehicle business to meet the new requirements. (Photo courtesy of the Natural Renewable Energy Laboratory, Warren Gretz)

The Obama administration has set new rules requiring cars and trucks to get better gas mileage. Tracy Samilton reports that
will make vehicles both greener and more expensive.

Transcript

The Obama administration has set new rules requiring cars
and trucks to get better gas mileage. Tracy Samilton reports that
will make vehicles both greener and more expensive.

In ten years, automakers will have to reach an average 35 and a half
miles per gallon for their combined car and truck fleet. To get
there, most will get into the electric and hybrid vehicle business, if
they’re not there already. But that technology is expensive. So
they’ll also make regular internal combustion engines more efficient.

Even that isn’t cheap. So who will end up paying for it all? You
guessed it. You and me.

Michael Omotoso is an industry analyst with J.D. Power and Associates.

“If we say we want a cleaner environment, and reduce our
dependence on foreign oil, one way or the other, it’s going to cost us.
Everyone has an opinion about how much more we’ll pay for vehicles
because of the rules.”

The Obama administration and environmentalists say about a grand. Analysts like Omotoso say it could be more like five grand.

For The Environment Report, I’m Tracy Samilton.

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