U.S. overhauling fuel economy labels

fuel_economy_label.top.jpg By Blake Ellis, staff reporter


NEW YORK (CNNMoney.com) -- The Environmental Protection Agency and the Department of Transportation proposed two new designs for fuel economy labels Monday that would be used on all new vehicles.

The overhaul, which would be the biggest in 30 years, aims to help consumers easily compare the efficiency and environmental impact of all types of vehicles, whether they are gasoline-powered, plug-in hybrids or electric.

fuel_economy_label.03.jpg

The agencies hope to finalize the labels in early 2011 and consumers can expect to start seeing the stickers show up on 2012 vehicles.

One of the proposed designs uses a letter grade to rate the vehicle's fuel economy and its level of greenhouse gas emissions, and will tell consumers how much money they will save over five years compared with a gasoline-powered vehicle.

Because no failing vehicles should come to market, the scale ranges from A+ to D, with a median grade of B-, the agencies said.

Electric vehicles would receive the highest grade of A+, plug-in hybrids would get A ratings, while other hybrids like the Ford Fusion and Toyota Prius would receive A-'s.

Vehicles closest to failing include the Ferrari 612, which would receive a D.

The other proposed design expands the standard "miles per gallon" label by adding new information on fuel consumption and emissions to help consumers better compare vehicles.

While the graded system provides consumers with a simple comparison right away, the other proposed design forces consumers to use the raw data provided to weigh the differences on their own.

Instead of displaying how much money a vehicle would save compared to other vehicles, the non-graded sticker would provide an estimate of annual fuel costs.

For vehicles where "miles per gallon" doesn't apply, it would provide a miles per gallon equivalent. Slightly different labels would be created for gasoline-powered, electric and plug-in vehicles, with kilowatts per 100 miles showing up on an electric car's label, for example.

DOT and EPA are requesting public comment for 60 days. To view the proposed labels or submit comments, consumers can visit: http://www.epa.gov/fueleconomy/ and http://www.nhtsa.gov/fuel-economy.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 16,501.65 0.00 0.00%
Nasdaq 4,148.34 21.37 0.52%
S&P 500 1,878.61 3.22 0.17%
Treasuries 2.69 0.00 0.07%
Data as of 6:08pm ET
Company Price Change % Change
Facebook Inc 60.87 -0.49 -0.80%
Bank of America Corp... 16.34 -0.03 -0.18%
Microsoft Corp 39.86 0.17 0.43%
Verizon Communicatio... 46.28 -1.15 -2.42%
Micron Technology In... 26.16 -0.09 -0.34%
Data as of 4:01pm ET
Sponsors

Sections

Apple, Google, Intel and Adobe reach pact avoiding trial in lawsuit claiming they promised not to hire employees away from one another. More

Hundreds of postal workers nationwide protested outside Staples' stores on Thursday. More

Amazon reported strong quarterly growth after making several big announcements over the past few months. More

Schwinn, Trek and Cannondale are all iconic American bicycle brands. But none of them are made in the United States. More

When you are just starting out or finally starting to get serious about saving, the basics will get you far. Here are more than a dozen tips that will help you lay the base for building your net worth. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.