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Your Money: Obama on 20 key issues
4 of 22
To make every gallon count, Obama wants to place more stringent requirements on automakers.
Double fuel economy standards within 18 years while maintaining current flexibility.
Offer $7,000 tax credit to buyers of plug-in hybrids.
Mandate all new cars be flex-fuel capable.
Provide $4 billion in retooling credits and loans to help domestic manufacturers switch to more fuel-efficient cars.
Aim to get 1 million 150 mile-per-gallon plug-in hybrids on the roads within six years.
Support creation of more transit-friendly communities and level employer commuting assistance for driving and public transit.
"I have a plan to raise the fuel standards in our cars and trucks with technology we have on the shelf today -- technology that will make sure we get more miles to the gallon." --
IN-DEPTH: How the next president could obliterate the auto industry
NEXT: Energy Security
Last updated November 06 2008: 11:36 AM ET
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Source: *June 24, 2008, Speech, Las Vegas, Nev.
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