EPA, DOT announce fuel economy regulations

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NEW YORK ( — Final rules for new fuel economy standards were unveiled by the government Thursday, placing the national average for all vehicles at more than 34 miles per gallon, well above current levels.

The new standards were originally announced in May 2009 by the Obama administration. The final details were unveiled jointly by the Department of Transportation and the Environmental Protection Administation.

In general, the regulations require all passenger cars and light trucks sold in the United States to get an overall average of 34.1 miles per gallon by model year 2016. It’s the first time there has been a national average for all vehicles.

By the 2016 model year, cars will be expected to average about 39 mpg while trucks are expected to get an average of 30 mpg.

Full story: Final fuel economy regulations announced – CNN Money