Obama Administration Wants Move to Green Automobiles
President Barrack Obama recently announced that he would like to see automakers move towards making more fuel-efficient cars to combat against greenhouse gases. His administration will issue new fuel guidelines to begin the 2011 model of cars. These new guidelines will help automakers meet a 2007 Energy Legislation that requires that an increase in fuel efficiency of 40% by the year 2020.
This is a tough call by the administration during such a difficult time in our economy. The stock market is struggling to make gains, job loses are at all time highs and the automakers are coming off a near bankruptcy. The biggest concern is that these upgrades could cost consumers anywhere from $2,000 to $10,000 per vehicle. Even with these price increases, the auto industry is doubtful that such regulations are even possible with its current condition.
Even with all the negativity towards this legislation, many American automakers are still trying to push for full electric vehicles to hit the showrooms within the next 5-10 years. It’s good to see that they are moving in the right direction regardless of how negative the industry is sounding.
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