Gas prices are up, and according to a recent survey car shoppers want vehicles that are more fuel efficient. “The Consumer Federation of America said its survey of 2,000 Americans found both those identifying themselves as Republicans and Democrats think the government should require automakers to have their models average 60 miles a gallon by 2025,” writes USA Today. “Cars would cost more, but respondent said they'd be willing to pay more as long as the higher purchase costs could be recouped in gas savings in 5 years.”
While the higher initial investment in a fuel-sipping hybrid or electric vehicle may currently deter some consumers, household spending on gas has gone up considerably. “Concern about volatile gasoline prices and support for higher standards is driven by the huge and rising bite gas expenditures are taking from household budgets—from less than $2000 in 2009 to more than $3000 this year,” said Mark Cooper, CFA’s research director and energy expert in a press release. “Pain at the pump, along with the country’s oil import dependence, has produced a growing consensus that the federal government should substantially increase fuel economy standards.”
CFA received the data from a poll by Opinion Research Corp, which shows that “62 percent of Americans support a federal mandate requiring automakers to meet a 60 mpg standard by 2025, a proposal the Obama administration is considering,” reports the Detroit News. “The fuel efficiency mandate already is scheduled to rise to 35 mpg by 2016 from 27.5 mpg for cars today.”
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