4 of 22
BACKNEXT
Driving
Driving
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." -- Obama*


NEXT: Energy Security
Last updated November 06 2008: 11:36 AM ET
Source: *June 24, 2008, Speech, Las Vegas, Nev.
More Galleries
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
Cool cars from the New York Auto Show These are some of the most interesting new models and concept vehicles from the Big Apple's car show. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More

Special Offer
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.