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US autos are shedding weight

Posted on Thursday, October 29, 2015 at 10:05:30 AM

U.S. automakers are part of a growing movement focused on reducing the weight of vehicles through the use of lighter carbon fiber-reinforced plastics (CFRP). A press release from Plastics Make it Possible, which is sponsored by the American Chemistry Council, attributed the expanded use of CFRP to the fuel efficiency standards set by the Corporate Average Fuel Economy. Those standards mandate that auto fleets must achieve 54.5 miles per gallon by 2025, double the 27.5 mpg target announced in 2010.

CFRP can, according to Plastics Make it Possible, be up to 10 times stronger than steel at half steel's weight. Data cited from the U.S. Department of Energy stated that composite materials like CFRP can improve fuel efficiency by close to 35 percent. The importance of fuel economy became clear earlier this year when J.D. Power released a study in which 14 percent of new-car owners stated that gas mileage was the most important factor in determining what vehicle they would buy.

With autos that will continue to improve dramatically over the next few years and the kind of auto financing available at Home Loan Investment Bank, a great new car is easily within reach.