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Executive Summary
Legislation to increase Corporate Average Fuel Economy (CAFE)
standards for cars and trucks was included in the Senate energy bill
(H.R. 6) that was passed in June of this year, marking the first time
in over thirty years that either House of Congress has passed an
increase in CAFE standards. The Senate CAFE would raise gas
mileage standards for cars and trucks from 27.5 miles per gallon (mpg)
and 22.2 mpg respectively to 35 mpg by 2020. This would save California
consumers $3.28 billion dollars at the pump in 2020, reduce oil
consumption by136,243 barrels per day in 2020 and having global warming
emissions equivalent to taking 1,648,060 cars off the road in 2020. Nationwide
the savings would be even more significant. In 2020, the Senate fuel
economy legislation would reduce our national oil consumption by 1.2
million barrels per day, save consumers $26.5 billion dollars and have
the global warming emissions reductions equivalent to taking 14 million
cars off the road. Increasing CAFE standards is one of the biggest
steps we can take to reduce our dependence on foreign oil, improve our
national security and move us on the path towards a new, clean, energy
future.
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