The Obama administration recently finalized regulations that will force car manufacturers to nearly double the average gas mileage of all new cars and trucks they sell by 2025.
There is expected to be a gradual transition to the significant increase in average gas mileage from 28.6, which was implemented at the end of last year, to 54.5 miles per gallon in 13 years.
If automakers decide not to comply with the regulations implemented by the administration, they could be fined. Automakers are preparing to improve the fuel efficiency of gasoline-powered engines and more alternative fuel vehicles, also decreasing greenhouse gas emissions and fuel consumption.
Considering more Americans are trying to save money on expenses, more fuel efficient cars could be a welcome sight, allowing motorists to stay on the roads longer without having to fill up their gas tanks.
"These fuel standards represent the single most important step we've ever taken to reduce our dependence on foreign oil," said President Barack Obama. "This historic agreement builds on the progress we've already made to save families money at the pump and cut our oil consumption. By the middle of the next decade our cars will get nearly 55 miles per gallon, almost double what they get today."
The president added that being less dependent on foreign oil will strengthen the nation's energy security and it's a great proposition for middle class families, helping to create an economy that's built to last.
The new changes will also result in higher car prices, which the government stated would be offset by savings at the pump. The new gas standards imposed by the Obama administration will reportedly save Americans more than $8,000 by 2025.
"Additionally, these programs will dramatically reduce our reliance on foreign oil, saving a total of 12 billion barrels of oil and reducing oil consumption by more than 2 million barrels a day by 2025 - as much as half of the oil we import from OPEC each day," Obama said.
According to the Daily Green, the 2012 Mitsubishi i MiEV is a great vehicle for those who are looking for a fuel efficient car. The vehicle has a MSRP of $29,125 and achieves 112 miles per gallon on a charge, delivering the fuel efficient performance auto buyers might be looking for.