Economic Boost Predicted with Increased Fuel Efficiency

A 35 miles-per-gallon fleet-wide average by 2018, called for in pending federal legislation, would result in Americans saving $61 billion on gasoline and create 241,000 jobs in 2020, said the advocacy group Union of Concerned Scientists.

Published: 15-Jul-2007

An environmental group has entered the debate on improving federal gasoline mileage standards, with a report contending that proposed improved fuel-efficiency ratings would spur millions of dollars of investment in new technology and create thousands of jobs.

A 35 miles-per-gallon fleet-wide average by 2018, called for in pending federal legislation, would result in Americans saving $61 billion on gasoline and create 241,000 jobs in 2020, said the advocacy group Union of Concerned Scientists.

Its report yesterday said the needed technology could be used to spur 11,000 new jobs in Ohio and 10,500 in Michigan by 2020 and result in consumer savings in oil consumption of $1.3 million in both states.

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