The Consumer Federation of America has released a report entitled "50 by 2030", calling on Congress to mandate greater fuel efficiency in the nation's cars, with an average of 50 mpg by 2030.
"Over the past month, consumers have confronted $3.00 per gallon gasoline in a way that they never had before. Unlike
last fall's spike above $3.00 after hurricanes in the Gulf, this spring's price spike seems to be grounded much more in the long-term fundamentals of the industry."
"The CFA analysis shows that at $3 a gallon even purchasing a 48 miles per gallon vehicle today makes sense for consumers because higher auto loan payments for more efficient cars are recouped by the money saved paying for lower monthly gas purchases. The problem, CFA notes, is that there are too few 48 mpg models available today to meet the different
needs of American consumers."
Thanks to Jon Cecil, AICP
FULL STORY: 50 MPG Feasible, Affordable and Economic [PDF, 40KB]
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