The cost of 'green cars' to the economy

A sobering piece by Henry Payne at NRO's Planet Gore about the cost of Obama's ridiculous gas mileage mandates: The Detroit News's dogged David Shepardson has unearthed a study by one of world's most respected automotive research firms that reveals that President Obama's radical CAFE mandate that vehicles average - average! - 62 MPG by 2025 "could force vehicle prices up by nearly $10,000, reduce sales by 5.5 million vehicles annually, and eliminate more than 260,000 jobs." Shepardson is quoting from the Michigan-based Center for Automotive Research and the 260,000 job loss figure (consistent with past job losses from CAFE rule hikes) is another dent in White House's propaganda that Green creates jobs. The CAR study also reveals that Obama's NHTSA and EPA have been gaming the figures when it comes to the cost of their new rules. The center's study predicts it will cost between $3,744 and $9,790 per vehicle, while the agencies have low-balled the figure at $770 to $3,500 per...(Read Full Post)

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