New Fuel-Efficiency Standards approved by the Obama administration on April 1st are expected to reduce carbon emissions and save billions of dollars through greater fuel efficiency, according to the Detroit News.
Car and truck fuel efficiency will increase to 34.1 miles per gallon for a 40-percent boost in fuel economy, while greenhouse gases will be reduced by more than 30 percent by 2016.
NHTSA predicts that passenger cars will have to average 33.3 mpg in 2012, and 37.8 mpg in 2016. Light trucks, including SUVs, pickups and vans, will be required to average 25.4 mpg in 2012 and 28.8 mpg by 2016.
The government says the total value to society in reduced gasoline use and lower emissions will be about $240 billion.