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Executive Summary
Legislation to increase Corporate Average
Fuel Economy (CAFE) standards for cars and trucks was included in the Senate
energy bill (H.R. 6) that was passed in June of this year, marking the first
time in over thirty years that either House of Congress has passed an increase
in CAFE standards.
The Senate CAFE would raise gas mileage
standards for cars and trucks from 27.5 miles per gallon (mpg) and 22.2 mpg
respectively to 35 mpg by 2020. This would save Illinois consumers $1003
million dollars at the pump in 2020, reduce oil consumption by 44,393 barrels
per day in 2020 and having global warming emissions equivalent to taking
536,995 cars off the road in 2020.
Nationwide the savings would be even more
significant. In 2020, the Senate fuel economy legislation would reduce our
national oil consumption by 1.2 million barrels per day, save consumers $26.5
billion dollars and have the global warming emissions reductions equivalent to
taking 14 million cars off the road. Increasing CAFE standards is one of the
biggest steps we can take to reduce our dependence on foreign oil, improve our
national security and move us on the path towards a new, clean, energy future.
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