- Currently, the DOT manages the fuel economy, the EPA deals with emissions, and CA can use the Clean Air Act to come up with even more stringent rules. This could create a situation where car makers have to deal with rules from three agencies. The new rule is a national standard that CA will support and the DOT and EPA will both adopt.
- The CAFE standard will increase by five percent each year, building on the 2011 standard, until we get to 2016. This means an Industry standard of 35.5 mpg (for cars and trucks) by 2016, an average increase of eight mpg per vehicle.
- Drivers will recoup the additional cost to buy one of these more-efficient vehicles in three years. Drivers will, over the life of the vehicle, save $2,800, on average, he said.
- Obama said the new rule will save 1.8 billion barrels of oil over the next five years, and is the projected equivalent of taking 58 million vehicles off the road.
- Despite previous disagreements between environmental and industry groups, the national policy has been agreed on and a series of "major lawsuits" will be dropped.