Obama administration admits new fuel efficiency standard will raise new car costs $1,100+
washington examiner ^ | 4/2/10 | Mark Hemingway
Posted on Friday, April 02, 2010 3:09:50 PM by Nachum
That's the net effect of the Obama administration's ridiculous new fuel efficiency standards, according to the Institute for Energy Research:
In a best-case scenario, the Obama Administration says that its regulation will increase the price of a car by $1,100 per vehicle. Other estimates are much higher—a study by Global Insight found that this kind of regulation would increase power-train costs by $1,000 for small cars and $5,000 for larger vehicles.
(Excerpt) Read more at washingtonexaminer.com ...
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Just great. So now where you will save a few dollars at the pump, you will pay it in the cost of the car instead. What a hoax.