By Andrew Restuccia - 08/09/11 06:00 AM ET
The White House on Tuesday will unveil the first-ever federal fuel efficiency standards for a range of heavy-duty trucks, a move the administration is casting as a key part of its plan to cut foreign oil imports and slash harmful air pollution.
The planned announcement comes amid growing economic uncertainty and increasing jitters on Wall Street. The Obama administration is expected to argue that the standards will result in major benefits to the ailing economy.
The standards mark the latest effort by the Obama administration to ratchet up vehicle fuel-economy rules. Late last month, Obama announced a plan to set an average standard of 54.5 miles per gallon by 2025 for cars and light-duty trucks. The standard builds on rules finalized last year for model-year 2012-2016 cars and light-duty trucks.
Obama initially was to travel to Interstate Moving Services in Springfield, Va., to unveil the efficiency standards, but the White House on Tuesday canceled the trip. A White House aide told The Hill the truck efficiency standards will still be released on Tuesday.
Similar to how previous fuel-efficiency rules were made, the Obama administration worked closely with industry groups to develop the heavy-duty truck standards. Navistar, Volvo, Chrysler, Conway and others all support the standards, the official said.... Continue reading...