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The Obama administration on Tuesday will finalize the first ever fuel efficiency and emissions standards for commercial trucks, vans and buses, which is expected to save owners $50 billion in fuel costs over four years.
The standards are expected to save the United States some 530 million barrels of oil over the same period beginning in 2014, according to senior administration officials.
"Increasing efficiency standards over the last 30 years has not been something that our country has particularly excelled at, but it has been a priority of the Obama administration to move forward with aggressive new standards," said an official in a telephone news conference.
The president will announce the standards to an audience of auto company executives, green groups and workers in Springfield, Virginia.
The announcement comes a week after President Obama declared aggressive fuel economy standards for personal cars and light trucks. The program for commercial vehicles, like last week's, is part of the administration's goal of reducing the country's dependency on foreign oil by one third by 2025.
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