With everyone focusing on the debt ceiling impasse in Washington, I wanted to highlight another important story developing there today.
President Barack Obama and top auto executives are set to unveil details of a compromise to slash the amount of gasoline cars and trucks will need in the future, Associated Press is reporting.
The deal, to be announced Friday, will double fuel economy standards to 54.5 miles per gallon by 2025 and further restrict the tailpipe emissions blamed for global warming, AP writes.
In a concession to automakers, light trucks — which are among their best-selling vehicles — would get easier treatment at the outset, AP reports.
The deal also includes credits for solar-paneled roofs and battery-powered cars that could allow fleets to fall short of the target, AP writes.
Obama’s spokesman said the deal would save drivers money at the pump, reduce oil consumption and pollution, and create jobs, AP reports.
Also in the AJC:
In other media: