A recent Natural Resources Defense Council (NRDC) report has found that by 2030, commuters will be saving $68 billion from Obama’s mpg standard effective by 2025 (which will be finalized in August). The best part is that savings can start immediately.
The new 2012 fleets already give “twice the fuel efficient car options than just three years ago,” according to senior analyst Luke Tonachel of NRDC. There are currently 57 fuel efficient showroom models that are available today (up from 27 in 2009) just to meet and exceed the current mpg standard of 35.5
With the new standard implemented it could potentially save drivers up to $4400 over the vehicle’s lifetime (taking in to account the cost of the fuel saving technologies). Alan Baum, a contributor to the report detailed that upgrading current vehicles does not necessarily mean compromise anymore either, “from pickups to SUVs to minivans to cars, automakers are squeezing more out of vehicles with conventional gasoline engines than ever before.”
What’s also interesting about the report is that it quantified proposed savings by state listing the top 20 (top 5 listed here, for the rest, take a look at the report) that will see the biggest breaks in their wallets:
- Texas $7.750 Billion
- California $7.270 Billion
- Florida $6.683 Billion
- New York $2.959 Billion
- North Carolina $2.797 Billion
This gives hope for a transportation medium (that is, internal combustion engines) that there are better times ahead for everyone, and even within the industry everyone believes that the internal combustion engine is far from dead.