While electric vehicles have proved fairly popular they may become even more attractive — to consumers and manufacturers — with tough new standards recently announced by President Obama. The corporate average fuel economy standards — known as CAFE — will boost the average gas mileage of new cars and trucks by nearly double over the next 13 years. A manufacturer's fleet of new cars and trucks will have to average 54.5 miles per gallon by 2025, compared to 28.6 mpg at the end of last year.
It's a "very steep" incline for auto makers, said automobile journalist and blogger Jim Motavalli, "and they will have to start working pretty hard to get towards that goal. An electric car is good for the ratings." An electric car can have a miles per gallon equivalent (mpge) rating of 115.