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May 6, 2016
Meeting 2025 CAFE Good for Consumers, Necessary for Climate; Getting There No Easy Feat
On May 3, Synapse Energy Economics released a study comissioned for by the Consumers Union, Consumer Benefits from CAFE. The report finds that with a base rate of $3.00 per gallon gasoline, car owners would save on average, $1,738 with the implementation of the 2025 Corporate Average Fuel Economy (CAFE) standards. The news is good for consumers – and if gasoline prices further rebound to $4.50 a gallon, consumers would save even more -- on average, $5,600 over the lifetime of the vehicle. Truck owners would also save up to $7,300 under a high gas price regime. Even with today’s low gas prices, a recent consumer poll from Consumer Federation of America found that fuel economy mattered to 80 percent of Americans.
The automotive industry is currently meeting efficiency standards for passenger cars and trucks at competitive price points, a good sign for the climate and consumers. But looking forward, the evidence that CAFE targets will be met becomes murky. Indeed, current vehicle sales trends raise serious concerns about reaching ambitious 2025 CAFE targets.
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Headlines:
1. Raw Biogas Production Capacity Is Expected to Reach 2,141 Billion Cubic Feet Per Year By 2024
2. Researchers Aim to Put Carbon Dioxide Back to Work
3. Higher Ethanol Blends Are Coming Soon to a Gas Pump Near You
4. Opinion: Biomass at a Crossroads
5. Green Transport Target Will Be Scrapped Post-2020, EU Confirms
Events:
19th Annual Congressional Renewable Energy and Energy Efficiency EXPO + Forum
Tuesday, July 12 9:30 am - 4:30 pm
Cannon House Office Building - Caucus Room 345 C Street SE & 1st St, SE
The Expo is free, open to the public, and no RSVPs are required.
The 19th Annual Congressional Renewable Energy and Energy Efficiency EXPO and Policy Forum will bring together up to 50 businesses, trade associations, and government agencies to showcase renewable energy and energy efficiency technologies. In every state across the country, these technologies are having a significant impact in business development and job creation in the manufacturing, transmission, power, transportation, and building sectors. The House Renewable Energy & Energy Efficiency Caucus and the Senate Renewable Energy & Energy Efficiency Caucusare honorary co-hosts of the Expo.
To Contact the Editor: Jessie Stolark at eesi@eesi.org
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