2030: Pigs Will Fly

by Henry Payne

In AP’s zombie-like coverage of President Obama’s radical diktat this morning that all vehicles average 54.5 mpg by 2025 (currently, the best fuel mileage of any hybrid is the Toyota Prius at just 50 mpg; the best non-hybrid is the tiny Ford Fiesta at 33 mpg), one line stands out:

“By the time the new standards take effect, the government expects gas-electric hybrids to make up about half the lineup of new vehicles, with electric vehicles making up about 10 percent of the fleet,” Obama’s wire service reports.

Oh, is that all?

Hybrids have been on the market for over a decade in the United States and have achieved barely 2 percent market share — most of that from sales of the iconic Toyota Prius. Significantly more expensive than gas models, hybrids are bought by an income demographic earning over $100,000 — a customer that still has to be goosed by government subsidy to make the purchase.

So in just over another decade, “government expects” half the market to be hybrids?

This is snake oil — not a credible prescription. Next from AP: “The government expects pigs to fly by 2030.”

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