Obama MPG Regs Will Cost $6,400 Per Car
New mpg limits foisted on automakers by the Obama administration will add 20 percent to the sticker price of new cars, according to new study by the Center for Automotive Research.
The Michigan-based center said the 60 mpg average mpg goal by 2025 would add an average $6,400 per vehicle.
The willful, random mandates (why not 100 mpg? 150 mpg?) set by Washington’s green zealots would also gut manufacturing jobs as it “would prompt consumers to hold on to their cars for far longer, costing more than 220,000 auto manufacturing jobs as new vehicle sales fall,” the study added.
So much for green policies generating green profits.