Business Leaders: New 54.5 mpg Standard Good for Automakers, Consumers and Economy

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(3BL Media) August 28, 2012 - With the newly adopted national mileage standard of 54.5 miles per gallon by 2025 making the headlines today, top business leaders are eager to weigh in with the media on how the standard will positively impact the U.S. economy and the U.S. auto industry. New jobs and strong car sales tied to robust fuel standards are already in evidence from Michigan to Indiana to other Midwest states.

THEIR TAKE: U.S. automakers are today seeing growing consumer demand for fuel-efficient vehicles and it’s already leading to new jobs and stronger profits. In the long term, U.S. automakers can expect to see an increase in extra profits to the tune of $2.44 billion dollars as well as 300,000 additional vehicle sales in 2020. The new standard is also projected to drive investment and innovation in the U.S. and worldwide auto industry, while creating 484,000 new jobs in the U.S. economy wide.

EXPERT INTERVIEWS:

MINDY LUBBER is President of Ceres, a leading coal

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