About a month ago, the Consumer Federation of America (CFA) issued a report that said that automakers most certainly have the technology to hit a 60 mpg by 2025 target and that an improvement this dramatic wouldn't add that much cost to a new car or truck (between $2,600 and $3,200, details here). A poll conducted later in the month found that, well, yes, the people would like efficient vehicles like that. Now, Bloomberg is saying that the Obama Administration is considering recommending that the new CAFE standard be set at 62 mpg by 2025. This would represent an annual improvement of six percent, twice as high as the three percent target that would result in 47 mpg by that time. An official announcement could come later today.
Remember, CAFE started at 18 mpg in 1978 and remained stagnant at 27.5 mpg from 1989 until eariy 2009. Currently, we're operating under rules that say the fleet average needs to reach 35.5 miles per gallon by 2016. The 2007 Energy Independence and Security Act declared that a 40 mpg minimum needs to be reached by 2020, and 62 by 2025 certainly meets that requirement. For a detailed look at what CAFE is, read this.
[Source: Automotive News – sub. req. | Image: jude_wrght - C.C. License 2.0]