As global markets evolve, fuel economy is becoming an increasingly important topic. Today, over 50% of the oil used around the world is for transportation, and over 75% of the energy used in the transportation sector is consumed on the road.
Driven by fears of crippling oil price spikes as well as concerns for the environment, the U.S. government is taking action to reduce consumption by aggressively increasing fuel economy standards. In 2010, the U.S. raised the average fuel economy for new passenger vehicles to 34.1 mpg by 2016. That mandate is increasing to 54.5 mpg in 2025. This shift is expected to reduce carbon intensity by 40% and cut U.S. oil usage by 12 billion barrels.