The Obama administration is set to speed up the timetable for new fuel economy standards, requiring automakers to make a goal of 35 miles per gallon no later than 2016, the Wall Street Journal reports. Federal law had required the overall fuel economy of 35 mpg to take effect by 2020, the newspaper says. But the U.S. Department of Transportation and the Environmental Protection Agency are set to announce a new policy by Tuesday. As part of the deal, the state of California has agreed to “stand down” from its effort to implement its own greenhouse gas emissions standards for automobiles, the Journal reports. Read the full story here.
Report: 35 mpg fuel standards to take effect in 2016
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