Reuters: Regulatory News: Obama administration finalizes fuel efficiency rules for new cars

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Obama administration finalizes fuel efficiency rules for new cars Aug 28th 2012, 16:04 WASHINGTON | Tue Aug 28, 2012 12:04pm EDT WASHINGTON Aug 28 (Reuters) - The Obama administration finalized the rule requiring automakers to roughly double the fuel efficiency of cars and light trucks by 2025, the White House announced on Tuesday. Regulators unveiled the auto fuel efficiency proposal last November after nearly a year of negotiations among the administration, automakers and environmental groups. The U.S. Environmental Protection Agency has estimated that the efficiency rule could reduce oil use by 2 million barrels per day.

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