The Obama Administration’s recent proposal to reduce fuel use is expected to create 570,000 jobs in the U.S. by 2030. Of this figure, 50,000 new jobs will be in light-duty vehicle manufacturing and assembly alone.
The proposal calls for the implementation of a vehicle fuel economy standards for light-duty vehicles built from 2017 to 2025. The proposed new fuel mileage is 54.5 miles per gallon with a carbon dioxide emission of 163 grams per mile.
Based on a recent report, this move will not only create jobs, it is also projected to open new markets abroad for U.S. auto-manufacturers, increase consumer’s savings from reduced gasoline consumption, and increase wages for middle-class workers.
David Foster, the Executive Director of BlueGreen Alliance, hailed this development as a leap forward in reducing U.S. reliance on oil, as well as having significant economic and environmental benefits.
The U.S. spends around $1 billion dollars a day on foreign oil. The BlueGreen Alliance forecasts that by 2030, the implemented fuel standards will save owners of light vehicles around $61 billion dollars per year on gasoline bills.
Michael Brune, Executive Director of Sierra Club, also called this move as the single biggest step any U.S. President had ever done to cut U.S. dependence on oil, minimize greenhouse gas pollution and get the economy in gear.
How exactly will this proposal be accomplished? It is by retooling, expanding and advancing engines and components to produce more fuel-efficient vehicles.
Bob King, president of the United Auto Workers (UAW), is confident the automotive sector can meet the challenges of the Obama proposal. He said vehicles will require more quality components and his group is working to ensure these will be locally manufactured by union members.
By making fuel-efficient vehicles, the U.S. automotive industry is poised to play a leading role in the future of car manufacturing.