Gearing Up: Smart Standards Create Good Jobs Building Cleaner Cars

This report analyzes the macroeconomic impacts of the U.S.’s 2011 proposal to extend performance standards for cars and light trucks , with particular attention to the employment effects. The proposed standards would increase vehicle fuel economy to 54.5 miles per gallon and reduce emissions to 163 grams of CO2 per mile by 2025. The report concludes that these proposed standards will create new jobs, increase real wages, and boost GDP by 2030.