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President Obama is set to announce the first-ever national emissions limits for vehicles later today, and will require a 35.5 mile-per-gallon fuel efficiency standard. The announcement was confirmed by Vice President Joe Biden as he was giving tours of the super-secret 9/11 bunker ... just kidding. It was confirmed by Carol Browner, the White House energy and climate director. This plan couples pollution reduction from vehicle tailpipes and increased efficiency on the road. The plan should save 1.8 billion barrels of oil through 2016 and will be the environmental equivalent to eliminating 177 million cars from the road. According to the plan, new vehicles will be 30% cleaner and more fuel-efficient by the time the program is in full effect in 2016. New vehicles may then cost an extra $1,300.
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