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REPORT: Obama to announce new CAFE standards tomorrow, require 34 mpg standard

According to reports from both the New York Times and Politico, the Obama Administration plans to announce new CAFE regulations tomorrow that will finally reconcile both federal and state standards. The plan is expected to combine California's strict emission rules with the federal rule, raising the national fleet mileage to around 42 mpg for cars and approximately 26 mpg for light trucks by 2016 – an increase over the current standards of 27.5 mpg for cars and 24 mpg for trucks. The administration set a self-imposed deadline of June 30 ... Read more →

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