Consumer Group Urges President to Maintain Fuel Economy Standards

The  Consumers Union and the Consumer Federation of America is urging President Trump to “maintain the strong fuel economy standards established by the Environmental Protection Agency. These standards help to lower fuel costs for middle class families across the country, support job creation and innovation, and improve air quality.”

The letter to the President further stated:

“Rolling back fuel economy standards would hurt hard-working, middle-class Americans and small businesses that rely on a car or truck for their livelihood. Even at today’s lower prices, gasoline is a major expense for a majority of American families. Fuel economy standards are a cost-effective way to save consumers money on fuel. In fact, Consumers Union’s research shows that consumers would enjoy net savings of $3,200 per car and $4,800 per truck, over the life of a vehicle that meet the 2025 standards, even at today’s low gas prices. If gas prices rise, which we expect they will, the savings would be significantly higher. And when consumers save money, they spend it on local goods and services, helping to further boost the economy and encourage more job growth.”

The group also stated: “Thanks to fuel economy standards, the automakers have invested in innovative technologies to improve fuel economy, and their efforts have paid off. Automakers have not only met today’s fuel economy standards, but they have exceeded the standards in many cases, all while enjoying record profits and record sales. Many cars and trucks available today outperform standards set for 2020 and 2021. And one of the great features of the fuel economy standards is that they are flexible and adapt to the vehicles consumers actually buy–as consumer demand has shifted toward larger vehicles, automakers’ targets have also lowered because larger vehicles have lower efficiency targets. The standards help improve consumer choices across the entire fleet regardless of the size of vehicles consumers choose to buy.  Finally, the standards will go a long way to keeping the car companies from again needing a bailout as they did when their lots were filled with unsold inefficient vehicles the last time gas prices peaked.”

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