President Obama inspects the 2011 Chevrolet Volt
Are you ready for 54.5 mpg? On Friday when President Obama announced the new corporate fuel economy standards that will go into effect by 2025, 13 automakers said they were ready.
But are consumers? To achieve these new standards, automakers will have to invest in lighter materials and new technologies. This will raise the price on new cars; estimates put the price increases between $1,500 and $6,700 per car.
The Union of Concerned Scientists predicted a real-world average of 39 mpg when it thought the standards would be 62 mpg. This leads some to believe the 54.5 mpg standards will not be what consumers see in real-world driving.
So today we ask you, do you think a 54.5 mpg fleet average is a good or bad thing? Tweet us your response and make sure to include the hashtag #54MPG -- and you'll join the chorus right here via CoverItLive.