July 29th, 2011

America’s cars and trucks will average about 54.5 miles per gallon by 2025 under the second phase of the Obama Administration’s national vehicle program, which is backed by 13 automakers.

Ford, GM, Chrysler, BMW, Honda, Hyundai, Jaguar/Land Rover, Kia, Mazda, Mitsubishi, Nissan, Toyota and Volvo — which represent more than 90 percent of the cars and light trucks sold in the US, all back the plan, which was formally announced today.

“We’ve set an aggressive target and the companies are stepping up to the plate,” said President Obama, who called the plan the single most important step the nation has taken to reduce its oil dependence.

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