One of the initiatives under the President’s energy plans entails the increase in the fuel economy standards of the motor vehicles manufactured and used in the United States. Increasing the mile per gallon on vehicles is instrumental in cost savings and environmental impacts. For instance, the standards will require an average performance equivalent of 54.5 miles per gallon by the year 2025. This will save the average driver over $8,000 in annual fuel costs and eliminate 6 billion metric tons of carbon pollution.
One of the other initiatives under the President’s energy plan would entail the establishment of energy efficient standards for consumer appliances and electronics such as dishwashers, refrigerators, stoves, and other items. Between now and 2030, the standards will cut consumer electricity bills by hundreds of billions of dollars and will conserve enough electricity to be able to power over 85 million homes for the period of two years. Not only will money be saved and extra energy will be available, carbon pollution will be decreased by over 3 billion metric tons by 2030.
One of the other initiatives would entail the expansion and modernization of the nation’s electric grids. The grids are over capacity and there is risk for massive outages or other hazards. The President signed a memorandum and order that would direct federal agencies to streamline the sitting, permitting and the review process for the transmissions projects that will be presented to various state, local, and tribal governments that are situated throughout the continental United States and its respective territories. An investment in the grid is imperative to ensure efficiency and dependability of the nation’s electrical system.