Modern technology has come a long way to produce vehicles with better fuel economy, and with new government regulations, auto manufacturers could be facing drastic changes. You have seen some of those changes with smaller and safer cars with higher MPGs. There has been a demand for greener alternatives for some time now, but it’s only recently that the government has had to step in.
American Fuel Efficiency
If you’ve been around for long enough or have purchased a newer car, you’ll have noticed a steep increase in the number of fuel efficient cars. The government has set updated regulations that aim to set forth a plan that would increase fuel efficiency for all newly manufactured vehicles. The popularity of larger cars in America will not stop the government’s attempt to raise the bar.
Average MPG standards for cars and trucks in the U.S. combined is as follows:
If you’re out today, you’ll notice gas prices fluctuating, though more than likely not in a direction you’re fond of. Then you probably won’t be surprised to discover that 63 percent of Americans have trouble with their pocketbooks as a result of rising gas prices. Around $2,000 a year is invested in gas alone by the average U.S. citizen.
Above American Standards
Despite Europe struggling financially, they have managed to consistently keep their fuel efficiency standards well above the United States. As far back as 2006, Europeans have set regulations for newly manufactured vehicles to 40 mpg and beyond. Their projected average in 2012 is around 48 mpg, while Japan is only slightly behind them with roughly 46 mpg for new passenger vehicles.
Recent efforts by President Obama have led to an increase in fuel economy of new vehicles, which are projected to be running at 54.5 mpg by 2025.
It may have impacted you a great deal to fill up at the gas pump, and hopefully these standards will lessen the blow in the future. The good news is, analysts predict the price of gas to drop soon. Until then, you might be paying more than $4 per gallon in some areas, which could eventually account for 5% of your total expenditures a year.