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Average cost of new car will increase $3,000

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Earlier this year, the Department of Transportation (DOT) and EPA released the finalized, new fuel-efficiency standards for cars and light-duty trucks, which will require 2025 model year vehicles to have an average fuel economy of 54.5 miles per gallon (mpg).  The new standard comes close to doubling the current CAFE average of 29 mpg and, combined with the administration’s fuel efficiency standards for 2011–2016, will increase the average cost of a new car by $3,000 by 2025.
 

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Written by opinionoregon

December 27, 2012 at 7:23 pm

Posted in Uncategorized

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