The Obama administration unveiled final rules Thursday that set a 35.5 mpg average for the U.S. auto industry by 2016, which the government said would cut fuel use 40%.
While the rules will cost the industry $52 billion to meet, automakers embraced the standards as a way to avoid a patchwork of state and federal rules and called on the government to begin work immediately on rules for the 2017 model year and on.
Administration officials calculate the rules would add less than $1,000 to the average price of a new vehicle in the 2016 model year and that many consumers would earn back the cost in fuel savings over three years.
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