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The Consumer Benefits of Increasing the Fuel Economy of Medium and Heavy-Duty Trucks

“In his recent State of the Union speech, President Obama called for improved fuel efficiency in the millions of semi-trucks, large vans, buses, and other large trucks – known as “medium and heavy-duty trucks” – that ply America’s highways. A new report from the Consumer Federation of America finds that new efficiency improvements for big trucks – driven by smart policy – would save the average American household $250 dollars per year in the cost of consumer goods and services. “We know that the fuel costs associated with shipping goods cross country heavily impact the price of everything from a carton of milk to a pair of shoes. Strong standards that cut fuel use by nearly 50 percent could put $29.5 billion dollars back into the pockets of Americans,” said Dr. Mark Cooper, CFA’s Director of Research and author of Paying the Freight: The Consumer Benefits of Increasing the Fuel Economy of Medium and Heavy-Duty Trucks. Released today, Paying the Freight examines the costs of energy used by medium and heavy-duty trucks, the potential for energy savings among these vehicles, and the positive impact that their increased fuel efficiency will have on America’s households…Over the past decade, public opinion polling by CFA has revealed widespread support for energy efficiency standards for consumer durables, including vehicles. Because gasoline costs are such a large household expense – in 2010, households spent about $2,130 on gasoline – it is not surprising that consumers themselves consistently support standards that are proven to save them money.” 

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