Thursday, August 30, 2012

Job creation a big part of selling 54.5 MPG fuel economy standard

The White House is taking its time to issue final federal rules for automakers to reach the 54.5 MPG by 2025 fuel economy standard. To fill the open space, many people are having their say in the matter, to influence the outcome. Three Republican Congressmen, for example, would like to see a delay to further consider higher fuel economy rules on "consumer safety." On the positive side, DrivingGrowth and the Consumer Federation of America say that jobs are being created by fuel efficiency and that consumers look forward to saving more money at the gas pump. Forbes contributor Mindy Lubber says that the "shift toward efficiency and advanced technology is driving job creation, investment and innovation across the country."

Lubber says automakers and suppliers will have better sales, profits and more jobs with the increase to 54.5 mpg. Ford is investing $135 million more in hybrid and electric production, and doubling the size of its team on forward-looking energy technologies. Honda is planning to hire 300 more workers next year at its Greensburg, IN, plant, which is slated to start producing the Civic Hybrid. Volkswagen is adding a third shift at its Chattanooga, TN plant to build more of its fuel-efficient Passats. And tier-one supplier Continental pursuing electrification technologies.

Also mentioned is a report issued by Ceres, a nonprofit that leads a coalition of organizations and public interest groups to address sustainability and global climate change. The Ceres commissioned report, More Jobs Per Gallon, states that the 54.5 mpg rule would create nearly 700,000 new jobs nationwide and more than 63,000 in the auto industry. It's similar to the DrivingGrowth report, which is also supported by environmental groups.

Source: http://green.autoblog.com/2012/08/29/job-creation-a-big-part-of-selling-54-5-mpg-fuel-economy-standar/

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