$68 Billion Annual Savings When US Cars Get 54.5 MPG Standard

NRDC REPORT: DRIVERS SAVE $68 BILLION BY 2030 UNDER 54.5 MPG FUEL EFFICIENCY STANDARD

Drivers save $68 billion in fuel costs annually when everyone gets a 54.5 miles-per-gallon car in 2030, according to a report released by the Natural Resources Defense Council.

Drivers in Texas, California and Florida save the most in 2030. All according to “Relieving Pain at the Pump.”

But motorists everywhere now can find relief from gas prices on the showroom floor; especially when SUV get 17-23 MPG.

Charging the Chevy Volt at one of the Hampton Inn’s in Albany, NY

Drivers have twice the fuel-efficient car options than just three years ago. The technology –and fuel savings— are only going to improve thanks to even stronger efficiency standards,” said Luke Tonachel, senior vehicles analyst at the Natural Resources Defense Council.

The 54.5 mpg by 2025 standard will double today’s average level of fuel efficiency. This will save drivers $4,400 over the life of the vehicle, after considering the cost of the fuel saving technologies. NRDC quantified savings in all states expecting 2030. Thereby giving the more efficient vehicles a chance to penetrate the roadways.

The top 20 states drivers will save the most from the 54.5 mpg fuel efficiency standards. Here’s what is listed at the bottom of this release.

Automakers are
introducing fuel-saving cars as a result of the 35.5 mpg standard. However and more importantly, this is giving consumers fuel-saving vehicle options. That’s in addition to buying a hybrid or electric vehicle.

The report can be found online at http://www.nrdc.org/energy/relievingpainatthepump.asp. Luke has more details about the report in his blog here: http://switchboard.nrdc.org/blogs/ltonachel/.

In conclusion, here are the top 20 states. States where drivers expecting most of the benefit.
1) Texas $7.750 billion
2) California $7.270 billion
3) Florida: $6.683 billion
4) New York: $2.959 billion
5) North Carolina: $2.797 billion
6) Georgia: $2.564 billion
7) Virginia: $2.179 billion
8) Pennsylvania: $2.004 billion
9) Tennessee: $1.958 billion
10) Arizona: $1.887 billion
11) Illinois $1.853 billion
12) Ohio: $1.664 billion
13) Washington: $1.547 billion
14) Maryland $1.529 billion
15) Michigan $1.520 billion
16) New Jersey: $1.452 billion
17) Alabama $1.271 billion
18) Kentucky: $1.207 billion
19) Missouri: $1.207 billion
20) Minnesota $1.162 billion

Finally, these state rankings are net savings. Net savings is reflecting real fuel savings. Real fuel savings at the pump includes the incremental costs associated. Meaning the cars with  fuel-saving technologies in new cars. All according to the report.

Source: Natural Resources Defense Council, WASHINGTON, D.C. (April 19, 2012)

Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.