Bob King, President of the United Auto Workers, is adding his voice to those who have already chimed in with support for the new Corporate Average Fuel Economy standard of 54.5 miles per gallon by 2025. In what might be a historic break from the union's contentious past, King is throwing in for the new fuel efficiency rules because he thinks it will mean jobs for his members as the auto industry reacts to the mandate.
Automakers (except for Volkswagen and Daimler) have shown strong support for the 2025 Corporate Average Fuel Economy (CAFE) standard of 54.5 miles per gallon. So, it's time to start gearing up for an onslaught of plug-in vehicles, right? Wrong, says some industry experts.
Carl Levin, a democratic Senator from the state of Michigan, seems none too thrilled with the Obama Administration's proposed CAFE target of 56.2 miles per gallon by 2025. This ain't the first time that Levin has reacted negatively towards regulations calling for increased fuel economy, and it likely won't be the last.
Last year, when the federal government set Corporate Average Fuel Economy (CAFE) standards at roughly 35 miles per gallon by 2015, automakers squirmed uncomfortably. Though that should be an achievable target, it won't be easy. It means Americans will have to buy several million more small cars a year, they'll have to buy fewer trucks and SUVs, and they'll have to pay thousands of dollars more for the technology needed to meet those standards.
President Obama recently announced plans to define fuel economy regulations beyond 2016. He briefly outlined a new plan that would regulate the mileage requirements of cars and light trucks through 2025 and medium- and heavy-duty trucks through 2018. The overall goal of his plan is quite simple: create a national, long-term standard for fuel economy and emissions.
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