From AP:
Congressional Democrats reached a compromise late Friday to boost
automobile fuel economy by 40 percent, clearing the way for a House
vote probably next week...Automakers would be required to meet an industrywide average of 35 miles per gallon for cars and light trucks, including SUVs, by 2020...
My question is, how do they know 35mpg is the "correct" amount? How do they know it's not 30mpg or 45mpg?
Why can't car manufacturers look at their profit and loss statements and see what their customers really want? Suppose their customers want cars that average 20mpg?
Why use arbitrary figures, when the market can give you a very accurate description of what should and should not be produced?
Posted
Dec 01 2007, 03:59 AM
by
ChrisR