Automakers on the Energy Bill, CAFE Standards

By December 19, 2007Energy

A statement from Dave McCurdy, president and CEO of the Alliance of Automobile Manufacturers, upon President Bush’s signing of H.R. 6:

The Alliance of Automobile Manufacturers is pleased that a new federal fuel economy standard has been signed into law. We believe this tough, national fuel economy bill will be good for both consumers and energy security. It is critical that automakers and consumers have the certainty that this national, 50-state fuel economy law provides.

Importantly, this landmark agreement establishes nationwide fuel economy requirements for the next 12 years and beyond. For the first time in more than 30 years, Congress has weighed in and established aggressive fuel economy standards that balance important environmental, energy security, safety and economic considerations. Automakers are moving forward to tackle the challenges that these new requirements will demand.

This legislation will result in a 40 percent increase in fuel economy and 30 percent reduction in carbon dioxide emissions from new automobiles, enhancing our energy security while at the same time addressing climate change.

This historic legislation would not have been possible without the efforts of auto workers, dealers, suppliers, user groups and industry allies in the business community — whose leaders and members participated in this process.

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