Fuel economy rules unveiled plan to raise miles per gallon
The Obama administration released proposed rules to boost fleet fuel economy to 35.5 mpg by 2016 for model years 2012 to 2016 and tighten vehicle greenhouse gas emissions. Officials said the plan would cost up to 1300 per new vehicle by 2016 but pay off in three years and save over 3000 per car in fuel costs life. It aims to remove about 42 million cars from the road while increasing efficiency about 5 percent annually and saving 950 million metric tons of emissions. It would also conserve 1.8 billion barrels of oil.
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Automakers push electric car push at Frankfurt show
At the 63rd Frankfurt Auto Show major brands tout longer range and lower costs for electric cars. Renault unveiled four models while Tesla handed over its 700th electric vehicle, a Roadster Sport, to a German buyer.
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