New U.S. fuel economy standards reinforce need for a more sustainable approach to transportation funding

The Obama administration has finalized landmark vehicle fuel efficiency standards that will curb demand for oil by two million barrels per day, encourage changes in consumer behavior that reduce household transportation costs by $8,000 per vehicle, and benefit the environment. It is good policy to reduce fuel consumption, but a side effect of fewer trips to the pump will be less revenue generated by the Motor Fuel Tax that funds our nation’s transportation infrastructure—a decline that only reinforces the nation’s need for a more sustainable approach to transportation funding.

Read on to learn how increased fuel efficiency demands a new approach for funding transportation. >>

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