Saturday, August 13, 2011

How New Fuel Economy Standards Are Creating New Jobs

A fundamental part of President Obama’s strategy to energize our economy is making smart investments in research and technology to create jobs for American workers. Today, the President will be visiting the Johnson Controls advanced battery manufacturing plant in Holland, MI to highlight the key role that innovative technologies will play in the future of the U.S. auto manufacturing industry, helping automakers achieve historic fuel efficiency standards, spurring economic growth, and creating high-quality domestic jobs in cutting edge industries across America.

Today’s trip builds on the President’s recent announcement of historic fuel-efficiency standards for cars and light trucks which will bring fuel efficiency to 54.5 miles per gallon by 2025 and which, combined with steps already taken by this administration, will save American families $1.7 trillion at the pump and reduce oil consumption by 12 billion barrels by 2025.

See full Press Release.