Weekly Wrap-Up: Energy Bill and Wal-Mart’s electric cars

Biggest news of the week: The President signed the energy bill.

“The bill also calls for improved energy efficiency of appliances such as refrigerators, freezers and dishwashers, and a 70 percent increase in the efficiency of light bulbs. It also calls for energy efficiency improvements in federal buildings and construction of commercial buildings.

“The new lighting standards alone are projected to lower consumers’ annual electricity bills by $13 billion in 2020, remove the need for 60 mid-size power plants and reduce emissions of carbon dioxide, the leading greenhouse gas, by 100 million tons a year, said the advocacy group Alliance to Save Energy.

“Democrats said the fuel economy requirements will save motorists $700 to $1,000 a year in fuel costs and reduce oil demand by 1.1 million barrels a day when the fuel-stingy vehicles are widely on the road.”

If that makes you want your own electric car, take heart. Soon, for a price, you’ll be able to buy one at Walmart …

http://editorial.autos.msn.com/article.aspx?cp-documentid=440939&topart=hybrids

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