NEW YORK (CNNMoney.com) — A final proposal for new fuel economy standards was unveiled Tuesday in a joint announcement by the Department of Transportation and the Environmental Protection Agency.The regulation requires all passenger cars and light trucks sold in the United States to get an overall average of 35.5 miles per gallon by model year 2016. By that year, cars will be expected to average about 39 mpg and 30 mpg for trucks.
Current fuel economy standards for new cars are 27.5 mpg for cars and 23.1 mpg for trucks.
The new standards were originally announced in May by the Obama administration, before some details were finalized.
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