Why is the federal government still regulating car and truck mileage?
Why is the federal government still regulating the fuel economy of cars and light trucks?
Washington’s heavy hands are on much more than just the window stickers that disclose city and highway mileage. The federal government exercises a shocking amount of control over vehicle manufacturing by mandating fuel economy standards for every make and model sold in the United States.
This has been going on since 1975. The triggering event was the oil crisis following the Arab oil embargo in 1973. Politicians began to talk about ending our nation’s “dependence on foreign oil,” and it was widely believed that the U.S. had pretty much exhausted its own domestic reserves of oil and natural gas.
Anyone in North Dakota can tell you how wrong that turned out to be. Today the U.S. is an oil exporter.
Still, the federal government continues to regulate the fuel economy of vehicles in a manner that is costing consumers a small fortune. A study published last year by the Heritage Foundation estimated that repealing the so-called CAFE standards would save consumers $3,800 or more on a new car.
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CAFE stands for Corporate Average Fuel Economy. Under the 1975 law, all the models in a […]