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Fuel Economy Standards Are a Costly Mistake
March 4, 2016
Corporate Average Fuel Economy (CAFE) standards have added thousands of dollars to the prices of new cars, costing consumers at least $3,800 per vehicle since 2009.
Corporate Average Fuel Economy (CAFE) standards have added thousands of dollars to the prices of new cars, costing consumers at least $3,800 per vehicle since 2009. CAFE standards have a minimal impact on global warming—less than two hundredths of a degree Celsius in 2100 according to the Obama Administration’s optimistic estimate. These standards fail a cost-benefit test by a huge margin.
