Sunday, December 22, 2019

How we got into this mess. Read it all!-----The Autobahn to Car Consumer Hell Is Paved with the Best Intentions | Cato @ Liberty

The Autobahn to Car Consumer Hell Is Paved with the Best Intentions | Cato @ Liberty
See the source image"After bailing out two of the “Big 3” Detroit automakers, President Obama called in his markers during the summer of 2011. 
That’s when his administration announced an agreement with major car manufacturers to increase federal fuel economy standards to 54.5 miles per gallon (MPG) by 2025.
At the time, fleet averages (including cars and light-duty trucks) were about 27 MPG; doubling that figure in 14 years was a tall order requiring technological breakthroughs that might or might not happen..."
Read all!

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