The American Automibile Revolution

New cars and trucks will have to get 30 percent better mileage starting in 2016 under an Obama administration move to curb emissions tied to smog and global warming. While the 30 percent increase would be an average for both cars and light trucks, the percentage increase in cars would be much greater, rising from the current 27.5 mpg standard to 42 mpg

The new requirement is estimated to cost consumers an extra $1,300 per vehicle starting in 2016, but drivers will be saving at the pump. Obama estimated that a typical driver would save $2,800 over the lifetime of a car, assuming gasoline costs around $3.50 a gallon by then.

Moreover, the increased miles per gallon should cut greenhouse gas emissions by more than 900 million tons, the equivalent to shutting down 194 coal plants, a senior administration official said Monday.

Its fun to watch the emerging companies that will suceed in this new green automobile market such as Tesla (worth half a billion dollars) after Daimler put their money down.