BREAKING: Senators reach compromise on 35 mpg standard, but not everything is gravy

With all the compromise and hints coming out of Washington this week, it's been a challenge just keeping up with who's for what and what's good for whom. But, it looks like this afternoon our illustrious Senators have found one more compromise in their bones and have agreed to raise the CAFE standard for passenger vehicles to 35 mpg by 2020.
Scrapped into dust as debate over the energy bill moved forward were a continued four percent annual increase from 35 mpg after 2020 and $29 billion in new taxes on oil companies to fund renewable energy research and development. The compromise does require automakers to make half their vehicles E85-capable by 2015. Many have already agreed to do this by 2012, so that's not a big deal.

Now we'll see what the House will do.

CNN and the AP have more. What do you think of this? Will it survive into the final bill? What about the President's veto pen (he said he was against specific mileage numbers)? Is 35 mpg a good number for CAFE standards in 2020?

[Source: CNN and AP, h/t to Chris P]

Share This Photo X