U.S. likely won’t meet 2025 fuel econ­omy goals

The Hamilton Spectator - - BUSINESS -

The U.S. govern­ment says fuel econ­omy of the na­tion’s fleet of cars and trucks won’t meet its tar­gets in 2025 be­cause low gas prices have changed the types of ve­hi­cles peo­ple are buy­ing. Un­der stan­dards set in 2012, automakers’ fleets were ex­pected to get an av­er­age of 54.5 miles per gal­lon by 2025. But in a re­port is­sued Monday, the govern­ment says that’s more likely to be be­tween 50 miles per gal­lon and 52.6 miles per gal­lon, de­pend­ing on the price of gas. The re­port sug­gests automakers can meet the tar­gets set in 2012 us­ing pri­mar­ily ad­vanced gaso­line en­gines, not hy­brids or electrics. But since the fuel econ­omy stan­dards are weighted by sales, and peo­ple have been buy­ing larger and less fuel-ef­fi­cient mod­els as gas prices fall, the ini­tial tar­gets likely won’t be met.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.