Hugh Pickens writes "Michael Grunwald reports that President Obama will announce today a near-doubling of fuel efficiency standards for cars and light trucks, and the Big Three automakers — GM, Ford and Chrysler — will support it in a final deal that will require vehicle fleets to average 54.5 miles per gallon by 2025, which will reduce fuel consumption by 40% and carbon emissions by 50%. Although environmentalists had pushed for 60 mpg and the White House had floated a compromise of 56.2, 54.5 is pretty close, considering that last year's standards were only 28.3. 'I might point out that the same auto industry that ran attack ads about how 56.2 would destroy their businesses and force everyone to drive electric cars has embraced 54.5 as an achievable target,' writes Grunwald. 'It almost makes you wonder if the automakers may have exaggerated the costs of compliance, the way they always do.'"
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