President Bush signed a historic increase in fuel efficiency requirements this morning, as more than 30 members of Congress and many of the top automotive lobbyists looked on.

"This country needs to have a comprehensive energy strategy," Bush said at a ceremony to sign the 822-page energy bill approved by the House Tuesday afternoon.

The bill requires automakers to hike fuel efficiency requirements by 40 percent to an industry fleet-wide 35 miles per gallon by 2020. Bush said it would address "our vulnerabilities" to disruptions in foreign oil supplies.

"This is a good bill. I'm pleased to sign it," he said.

Bush noted that the bill allows the Transportation Department to set new attribute-based requirements for passenger cars, rather than one overall target. Bush said that reform was essential so the new rules do "not come at the expense of automobile safety." Many have suggested that broad increases in fuel economy under the prior system would simply give automakers an incentive to make vehicles smaller and lighter.

Bush also praised a measure in the bill that will provide at least $90 million annually for battery research to make plug-in hybrids a reality.

Full Story: Detroit News