SAFE Analysis shows that the proposed fuel economy standards could save millions of barrels of oil per day
SAFE has released original analysis showing that the country could reduce its dangerous dependence on oil by millions of barrels per day through improvements in fuel economy standards. SAFE’s report examines the proposed fuel economy standards for 2017-2025.
SAFE’s analysis estimates the oil savings from each of four different scenarios that is being considered: tightening standards by three, four, five, or six percent a year each year from 2017 – 2025. Depending on the level of increased stringency, SAFE analysis shows the following savings range:
- In 2025, a savings range from 0.8 to 1.6 million barrels per day (MBD)
- In 2040, a savings range from 2.3 to 4.4 MBD
- In 2050, a savings range from 2.8 to 5.2 MBD
On October 13, 2010, the Environmental Protection Agency and the National Highway Traffic Safety Administration published a Notice of Intent that declares the agencies’ intent to issue regulations that will require automakers to increase fuel efficiency standards between model years 2017 and 2025. The new proceeding expands on recently established requirements that improved light-duty vehicle fuel economy standards from 27.5 miles per gallon (MPG) today to approximately 35.5 MPG.