Bush Signs Bill to Boost US Vehicle Fuel Efficiency
Date: 20-Dec-07
Country: US
The key part of the new law raises the gasoline mileage requirements of cars and trucks by 40 percent to an average 35 miles per gallon by 2020, which will eventually reduce US oil demand by 2 million barrels a day.
The law also raises yearly production of renewable motor fuels, such as ethanol, five-fold to 36 billion gallons by 2022, and requires more ethanol in the next decade to be made from non-food "cellulosic" sources like wood chips, switchgrass and other agricultural waste. Most US ethanol is now made from corn.
(Reporting by Tom Doggett; Editing by Neil Stempleman)