President Obama directed federal agencies Tuesday to develop and issue new medium- and heavy-duty vehicle fuel-efficiency and greenhouse-gas standards by March 2016. The new rules would build on standards passed in 2011 that are already projected to save vehicle owners and operators $50 billion in fuel costs and 530 million barrels of oil for the lifetime of models built from 2014 to 2018, according to the White House.
"Five years ago we set out to end our reliance on foreign oil and today America is closer to energy independence than it has been in decades," Mr. Obama said in an address at a Safeway distribution center in Upper Marlboro, Md., standing in front of one of the company's new fuel-efficient truck. "One of the reasons why is because we dedicated ourselves to manufacturing new cars and trucks that go farther on a gallon of gas. That saves families money, cuts down on harmful pollution and creates new technologies."
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In his first term, Obama doubled fuel-economy standards for cars and light trucks, which the White House says will save consumers $1.7 trillion at the pump and slash greenhouse gas emissions by 6.6 billion tons over the life of the program.
From Obama tightens truck fuel standards. Why efficiency matters. (+video) - CSMonitor.com