by Steve Milloy, E&E Legal Senior Policy Fellow
As Appearing in cnsnews.com
President Trump wants to get you into a new car of your choice for less money and sooner rather than later. To make that happen, his administration has just proposed to eliminate the pointless and expensive fuel economy standards for cars and light trucks issued by the Obama administration in 2012.
Pursuant to legislation passed during the now-over 1970s energy crisis, the Obama administration issued rules ordering carmakers to improve the average miles per gallon of their car fleets (called the Corporate Average Fuel Economy or “CAFE”) from about 27 miles per gallon (MPG) in 2012 to 50 MPG by the year 2025. The purpose of the new standards was to reduce fuel consumption and carbon dioxide emissions that supposedly contribute to climate change.
The problem, however, is that the carmakers have no magic technology on the drawing boards that would meet such tough standards. The only means for meeting the standards is to sell more low-profit electric vehicles and other small cars as opposed to the far more in-demand and highly profitable SUVs, pick-up trucks and crossover vehicles.