New CAFE standards – less safe, more expensive cars
Hey, who could ask for anything more? Here they come … Obamamotors bringing you smaller fuel efficient cars that you won’t buy unless … well that question gets answered in the video below.
President Obama today announced a landmark tax … errr … fuel efficiency program, one that will set higher CAFE standards for automobile company fleets, as well as nationwide emission standards, California style. The result, says the WSJ, will be higher priced, smaller cars on the road.
By 2016, if the new rules take effect as planned, new passenger cars sold in the U.S. will have to meet an average mileage requirement of 39 mpg, up from 27.5 mpg currently. Light trucks would have to deliver an average of 30 mpg, compared with about 23 mpg today.
and this …
The technology required to make the cars and trucks able to meet the proposed standard could add $1,300 to the average cost of making a vehicle — a significant share of the money Detroit’s auto makers are trying to save by slashing their union retiree health care costs.
But will you actually want to buy these little babies? Well you haven’t wanted to do it yet. This is just a great little piece of video from Fox. It’s an interview with Mike Dushane of Car and Driver. He says the $1300 additional cost is probably low balling because unless people buy them in mass, the price will be higher. And the odds are they won’t buy them at all unless ….
Now … what could possibly make them want to buy these little cars? Ahhhhh, geeeee, shucks.
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