Bob Lutz has always been a vocal opponent of the new CAFE standards, but his most adamant point to date is that, simply, Americans won’t buy more fuel efficient cars unless gas rockets up to European price levels. That would mean eight dollars a gallon or so.
According to Lutz, what the new regulations will do is raise vehicle prices and lower new car sales. In regards to changing consumer attitude he says “we refuse to let the price of fuel rise gradually in the United States and therefore we fail to induce change in consumer behavior,” and adds...
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