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These have been significant accomplishments, signalling to the world that the United States is serious about

controlling emissions.

In fact, these vehicle fuel economy standards are projected to save about 6.3 billion barrels of oil over the life of

light-duty vehicles built from 2012 to 2024 and heavy-duty vehicles built from 2014 to 2018. This is equivalent to

almost one-half of US oil imports in 2012 alongside equivalent emissions savings.

Put another way, these policies will result in a vehicle fuel economy improvement trajectory from 2014 roughly

parallel to the improvements expected in the EU, Japan and China – albeit from a much lower starting point.

While the drop in oil prices will inevitably lead to more driving, as it always does, these standards serve to

significantly lessen the impact of that rise.

In addition, the United States is the largest electric vehicle market in the world and home to approximately 43%

of all EVs sold worldwide to date. This vehicle deployment is supported by the federal government through

consumer incentives ranging up to USD 7,500 per vehicle, as well as substantial RD&D with over USD 2 billion

spent between 2008 and 2012 alone.

States have taken the lead on deploying infrastructure, from tax credits for installing charging stations in

Louisiana to rebates in Maryland, while the federal government supports programmes such as the Workplace

Charging Challenge which aims to achieve a tenfold increase in the number of employers offering workplace

charging in the next five years.

Despite this progress, EVs have not yet broken through 1% of sales, and in order to meet the national goal of

1 million electric vehicles on the road by 2015, fiscal incentives should be maintained to support the nascent

market, and infrastructure needs to be expanded, as well easier to find and use.

All levels of government will now need to build upon the successes to date to ensure that the potential of EVs

can be met.

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