Skip to comments.Obama's New Fuel Economy Standards Will Increase Cost of a Car More Than $11,000
Posted on 08/18/2011 10:07:32 PM PDT by Lazlo in PA
The Obama Administrations new fuel economy standards will result in the retail price of average motor vehicles to increase over $11,000, according to a study conducted by the Center for Automotive Research.
The Obama administrations new fuel economy standards would require automakers to produce cars and light trucks with an average fuel economy of 54.5 mpg by 2025. The Center for Automotive Research says their study is the result of 11 months of effort and investigation by researchers at CAR in 2010-2011.
(Excerpt) Read more at cnsnews.com ...
Not to mention that it will also drive healthcare costs up when people get into accidents.
On the plus side, you might be able to buy a funeral at bulk-rate prices! :)
I’m going to buy a new 4x4 pickup the day before these new regs go into effect, and keep it until I die. However, I would also like to buy one of those little Messerschmidt cars you showed, just to say I own a Messerschmidt.
WOuld be easy with the NeW.... MyT engine.. of Angel Labs...
The miles per gallon is 58 miles a gallon. That is huge. I just bought my new car in July 2011....A toyota so I won’t be in need of a new car until 2017.
Elections do have consequences. Americans better pull their heads out of their *** before 2012. They got their “historic” election now it’s time for us to try to save what is left of our country if we can.
Yeah, I read that the Chevy Volt is selling at about 100 or less units per month (or is that quarter) because of the BIG DEMAND.
Things are so bad, this is the new Bentley Barnato that the company has to sell to make fleet averages. Who is going to pay $50K for a micro car?
By the time 2017 rolls around, a sensible sized car will be a thing of the past.
That’s the whole idea. They want you to “nudge” you into the “free market choice” of moving into a rack-and-stack appartment next to a bus line.
It’s NOT JUST electricity...
The cost of a car will necessarily SKYROCKET!
The cost of everything will necessarily SKYROCKET!
What a jerkball. As if imposing new, arbitrary standards is the achievement. Not getting 40% more mileage out a car, which is a near miracle.
Hey, by the year 2019, I suggest all mile runners complete their races in under 2 minutes and 50 seconds. Whaddya say?
just imagine what their new heavy-truck mileage requirements will do to the distribution of goods and services.
That’s why I hold on to my 1982 Yamaha 50cc motorcycle just in case. (100 mpg maybe).
There is a physics-bound limit to what the car can be, and still do that. Some fantastically high priced light magnesium alloy would be needed to keep vehicles to the sizes that people have come to expect, and even losing weight won’t help highway fuel economy very much.
$11,000? Soon that will be just an ounce of gold! No Problem!
Part of 0bama’s Kenyan economic theories..
Today Obama issues a Treasonous EO giving back door amnesty to ILLEGAL ALIEN LAWBREAKERS (oxymoron) and it isn't even a blip on the Lamestream Media Radar Screen.
What the hell is going on here? Are we a Nation of Laws or a Banana Republic of Lawless Lawmakers?
I was reading estimates of price increases of only $2500, but I knew that was baloney.
OTOH, $11,000 buys a LOT of inhalers!
In my case, at present cost, that would buy 61 years worth of them; and any alleged ‘air quality improvements’ would not reduce my need. /sarc
However, $11,000 would buy 3,150 gallons of gas at today's price in town.
At 20 mpg, that is over 60,000 miles...about 5 years worth of driving on average.
At 50 mpg, that same 60,000 miles (first 5 years of ownership) would cost $4,200 PLUS the $11,000 off the top on price.
Few people will drive their vehicle enough to make up that $11,000 difference.
At seven (end of 84 month loan & extended warranty period) years, the 20 MPG car is still ahead by $2,180.
HOORAY! FINALLY $340 ahead for the 50MPG machine at the end of 9 years!
Of course, the implicit assumption is that the high-milage version will NOT have additional maintenance costs involved, or the above is even worse.
Whomever this is designed to help, it isn't the consumer!
I forgot to add, it also doesn’t take into consideration the additional auto loan interest on the extra $11,000.
Probably have to keep the car somethiing like 12 years to break even.
Who is getting the money?
With the trucks averaged in at 44 MPG that means my daily rice-burner will have to get 64 MPG.
That will be a two cylinder car that makes a Smart look roomy.
Thank You Chairman MaoBoma.
“I forgot to add, it also doesnt take into consideration the additional auto loan interest on the extra $11,000.”
Not to mention the additional sales tax and the additional excise taxes...both of which are based on PRICE.
It’ll sure make demand for oil go down!