Posts Tagged ‘Consumer Reports study’

Keeping Current CAFE Standards Saves Owners Big Cash

New study shows car owners save thousands.

by on Sep.08, 2016

A new study shows that keeping the current CAFE standards for 2022-2025 will save car owners more than $3,000.

A new report from Consumers Union, the publishers of Consumer Reports, said retaining the current corporate average fuel economy, or CAFE, standards paves the way for buyers of 2025 model cars and trucks to save thousands of dollars during the life of their vehicle even if fuel prices hold steady.

Vehicle owners will average net savings total approximately $3,200 per car and $4,800 per truck, if the current standards for 2022-2025 remain in place, according to the study. If gas prices rise from today’s historically low levels, the savings would rise to $5,700 per car and $8,200 per truck, the study said.

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Shannon Baker-Branstetter, Energy Policy counsel for Consumers Union, which has long been a proponent of CAFE standards, said retaining the standards will help save consumers not only money on operating costs, but also protect consumers against future price shocks. (more…)