Daniel Reilly, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on President Obama's announcement on fuel efficiency standards:
“President Obama today announced an agreement with 13 automakers that will make an important difference to our economic future, our national security, and our environment: by Model Year 2025, cars and light trucks will meet a fuel efficiency standard of 54.5 miles per gallon. This breakthrough agreement—which builds on the successful efforts of the Democratic-led 111th Congress to improve fuel efficiency and revitalize the American auto industry—will save American families money and significantly reduce our dependence on foreign oil. In fact, the 2025 fuel standards are expected to save Americans an average of $8,000 per vehicle and cut our consumption of oil by 2.2 million barrels a day. I congratulate the Obama Administration and the automakers for this important step toward a more energy-efficient future, which will benefit our economy and increase America's energy independence."