Despite $4 Gasoline, Americans Slow to Buy Fuel Efficient Vehicles
Automakers are spending more than $50 billion to meet the government's 2016 fuel economy law, but consumers aren't buying enough of the fuel-efficient vehicles necessary to allow automakers to achieve the required 35.5 miles-per-gallon average.
Despite rising gas prices and new electric cars and hybrids, the fuel economy of Americans' new vehicles stagnated last year.
The 2010 average of all new vehicles actually slipped to 22.2 m.p.g. from 22.3 m.p.g., according to a report from Ward's Automotive Reports that examined calendar-year sales.
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