First Ever Fuel Economy Rules for Heavy-Duty Trucks and Buses Will Drive Investment and Job Creation
First Ever Fuel Economy Rules for Heavy-Duty Trucks and Buses Will Drive Investment and Job Creation in the United States, CALSTART Says
The first ever rules requiring greater efficiency for trucks and buses will drive innovation and encourage job creation in the United States, said CALSTART President and CEO, John Boesel.
"Many companies in the United States have technology that not only can improve fuel economy in larger vehicles, but they are also globally competitive. These rules will encourage further investment in this sector and should drive job creation," Boesel said.
Today, the Obama Administration announced the first ever regulations requiring trucks and buses to become more fuel efficient. The new standards will require a 10-15 percent reduction in fuel consumption and a 12 to 17 percent reduction in greenhouse gases.
"From building natural gas engines to electric propulsion systems to other fuel saving components, U.S. firms have the capability of not only meeting this new domestic standard, but to also become global leaders. These rules are not only a tremendous opportunity to reduce our reliance on oil, and do our share to prevent climate change, but will also stimulate investment and create economic growth in the United States," Boesel said.
Headquartered in California, CALSTART operates nationally as a catalyst for the clean transportation technology industry. CALSTART has more than 130 member companies including Cummins, Navistar, Eaton, Chrysler, FedEx Express, and UPS. In October 10-13, in conjunction with the U.S. Army, CALSTART will be hosting the national conference focused on electric and hybrid trucks in Baltimore, Maryland.