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E-M:/ Higher Fuel Efficiency Standards mean $977 million in savings for Michiganders



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November 19, 2007                                                     Abby Rubley, Environment Michigan

                                                        (734) 662-9797

 

 

New Study Finds U.S. Senate Auto Fuel Economy Standards Will Save Michigan Consumers

$977 Million in 2020

 

Ann Arbor, Michigan -- A new report by Environment Michigan finds that the automobile fuel economy provision in the Senate energy bill would save Michigan consumers $977 million dollars at the pump in 2020, reduce oil consumption by 42,718 thousand barrels per day and would be the equivalent of taking 516,739 thousand cars off the road.

 

“Rising energy prices are gobbling up consumer savings this Thanksgiving season,” said Abby Rubley, field director for Environment Michigan. “With oil approaching $100 a barrel, it is past time for Congress to take action and pass an energy bill that increases fuel economy and requires renewable electricity to save consumers money on their energy bills.”

 

Environment Michigan’s new report “Driving Towards a New Energy Future,” shows that in 2020 alone Michigan consumers would save $977 million dollars at the pump and reduce oil consumption by 42,718 thousand barrels of oil a day.

 

The savings of the Corporate Average Fuel Economy (CAFE) provision would be even more significant nationwide. The Senate bill would:

 

  • reduce our national energy consumption by 1.2 million barrels per day in 2020;
  • save American consumers $26.5 billion dollars; and
  • be the greenhouse gas pollution reduction equivalent of taking 14 million cars off the road.

 

This summer the Senate passed the first new CAFE legislation in more than 30 years. Unfortunately, the House energy bill did not contain the same provision. As Congress works to come up with a final energy bill, the CAFE provisions and a renewable electricity standard must be combined with efficiency provisions to create a bill that would put America on the path toward a new clean energy future.

 

“It is time for the auto industry to make our cars go farther on a gallon of gas instead of making the same tired excuses about how they can’t do it,” said Rubley. “We have the technology to get to 35 mpg by 2020. It’s time for Congress to pass a strong energy bill.”

 

A full copy of the report can be found at http://www.environmentmichigan.org.

 

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