Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

President wants fuel economy rules for trucks

by Peter Valdes-Dapena, senior writer


NEW YORK (CNNMoney.com) -- America's commercial trucks will soon get their first fuel economy regulations, President Barack Obama announced Friday.

The new rules, which the President directed the Environmental Protection Agency and the National Highway Traffic Safety Administration to draw up, would take effect in 2014. and would apply to medium and heavy duty trucks.

"Just like the rule concerning cars this rule will spur growth," the President said. Truckmakers will have to rely on technology and innovation to meet the new rules, he said.

"This is going to bring the cost for transporting goods," the President said. Fuel savings would thereby reduce the costs of goods to consumers as well as reducing the amount of fuel burned.

One year ago, the President announced plans for new, stricter fuel economy rules for passenger vehicles that set goals for those vehicles through the 2016 model year. In his speech, the president also called for a new round of fuel economy requirement increases that would begin with the 2017 model year.

The final regulations for those vehicles require all passenger cars and light trucks sold in the United States to get an overall average of 34.1 miles per gallon by model year 2016.

By the 2016 model year, cars will be expected to average about 39 mpg while light trucks, vehicles that include minivans and SUVs, are expected to get an average of 30 mpg.

Current fuel economy standards for new cars are 27.5 mpg for cars and 23.5 mpg for trucks. Currently, there is no requirement for a combined fuel economy average.

Specific fuel economy targets for big trucks have not yet been set, but NHTSA and the EPA will begin working on the new rules.

"He wants us to look ahead and move our regulations to meet his vision for the country," EPA administrator Lisa Jackson said of the President's announcement in a conference call. To top of page

Find Your Next Car
Index Last Change % Change
Dow 20,817.55 -19.89 -0.10%
Nasdaq 5,853.73 -8.17 -0.14%
S&P 500 2,365.42 -4.33 -0.18%
Treasuries 2.36 -0.01 -0.38%
Data as of 9:30am ET
Company Price Change % Change
AES Corp 11.14 -0.79 -6.62%
HP Inc 17.65 0.00 0.00%
Coca-Cola Co 41.67 -0.11 -0.26%
Procter & Gamble Co 90.89 -0.16 -0.18%
Marathon Oil Corp 15.85 0.12 0.76%
Data as of Feb 27
Sponsors

Sections

Sterling Jewelers, the company that owns Kay Jewelers and Jared the Galleria of Jewelry, has been accused of fostering a culture of sexual harassment and discrimination against its female employees. More

In the years after Arizona mandated all employers to use E-Verify to check new hire's legal status, the number of undocumented workers fell dramatically. But the number of opportunities that were made available for legal residents didn't materialize at nearly the same rate, researchers found. More

Tom Wheeler, the former FCC chairman who became the cable industry's worst enemy, speaks out against the new FCC administration's actions. More

California is the hardest state for first-time homebuyers, according to a new report from Bankrate.com, while Iowa is the easiest state to put down roots. More