(EPA, April 1, 2010) Responding to one of the first major directives of the Obama Administration, the U.S. Department of Transportation (DOT) and the U.S. Environmental Protection Agency (EPA) today jointly established historic new federal rules that set the first-ever national greenhouse gas emissions standards and will significantly increase the fuel economy of all new passenger cars and light trucks sold in the United States. The rules could potentially save the average buyer of a 2016 model year car $3,000 over the life of the vehicle and, nationally, will conserve about 1.8 billion barrels of oil and reduce nearly a billion tons of greenhouse gas emissions over the lives of the vehicles covered. This action is one important step in fulfilling the Obama Administration’s commitment to moving towards a clean energy, climate friendly economy. “These historic new standards set ambitious, but achievable, fuel economy requirements for the automotive industry that will also encourage new and emerging technologies,” said Transportation Secretary Ray LaHood. “We will be helping American motorists save money at the pump, while putting less pollution in the air.” Click here to read more…