The House approved a broad energy bill today that will increase fuel efficiency requirements for cars and trucks for the first time in 30 years and will boost ethanol production, Reuters reports. The bill, passed last week by the Senate after $13 billion in oil company taxes were excised, carried handily, 314-100. President Bush is expected sign it into law tomorrow .
The main feature of the bill, the Energy Independence and Security Act, is a requirement that US automakers produce a fleet-wide average fuel efficiency of 35mpg by 2020. The measure is intended to cut oil demand by 25 million barrels a day. The bill also legislates a five-fold increase in the production of ethanol, to 36 billion gallons, by 2022, and research incentives for alternative energy R&D.