GM CEO: Federal fuel-efficiency goals are ‘ambitious’

Dan Akerson Chevrolet Volt

Dan Akerson, General Motors’ new CEO, said that the proposed fuel-efficiency standards for 2017 and beyond are ‘ambitious,’ saying that regulators should consider reviewing the limits on a regular basis. The Obama administration is planning an annual increase in fuel-efficiency from 3 to 6 percent between 2017 and 2025. That equals to a fleetwide average of 47 mpg and 62 mpg by that time.

“You just have to remember: The laws of physics are not going to be suspended,” Akerson told reporters. “To see 6 percent compounded annual improvement is a pretty ambitious target.”

Akerson went onto say that it is difficult to forecast what will happen years from now.

“If someone asked me to sign a contract today for what I wanted to be doing in 2015, I would say there’s a lot going to happen,” he said. “We need to work on that pretty diligently.”

He said that regulators should check to see how the industry is doing every two to three years.

– By: Omar Rana

Source: Detroit News