Tuesday, November 9, 2010

Mileage Rules Prompt Backlash .

Wall Street Journal  ""If the economics for high fuel-economy vehicles is so overwhelming, why do so few consumers today choose to buy high fuel-economy vehicles?" the letter asks.
"The alliance added that at the very least, the price of a car would increase $4,448 under the 62-mpg rule.
"The National Automobile Dealers Association warned that the "economic risks associated with such speculation are simply too great," and that the proposal could lead to job losses."

For businesses, no more 'go along to get along'  "Extreme mileage standards, backdoor CO2 regulations and overpriced electric cars that no one wants are all reflected in Transportation Secretary Ray Lahood's desire to "coerce people out of their cars."
"The government claims the proposed new rules "could raise the price of a model-year 2025 car by between $770 and $3,500 but that consumers would buy them because they would recoup that added expense through fuel savings.""

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