Common Tragedies

Thoughts on Environmental Economics

For once, a pleasant surprise

Posted by Rich Sweeney on April 25, 2008

This week the National Highway Transportation and Safety Administration issued a Notice of Proposed Rulemaking for new vehicle fuel economy standards. While the Energy Independence and Security Act of 2007 set the fuel economy target of 35 mpg by 2020, implementation of this goal actually resides with NHTSA. Thus I was pleasantly surprised to learn that NHTSA had frontloaded the requirement, achieving more than 50% of the increased fuel efficiency in the first 5 years. Under the proposed plan, “Fuel efficiency standards for both passenger vehicles and light trucks would increase by 4.5 percent per year over the five-year period ending in 2015 – a 25 percent total improvement that exceeds the 3.3 percent baseline proposed by Congress last year.”

H/T Green Car Congress.

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