"In a move sure to please his environmentalist base as we gear up for the 2012 election, the Obama administration’s Department of Transportation (DOT) and Environmental Protection Agency (EPA) are quietly moving to make another round of changes to CAFE standards.
Unfortunately for Secretary LaHood, the Law of Unintended Consequences is still in play and ready to jump up and bite him where the sun don’t shine. In order to meet higher standards – particularly if those standards represent a significant jump from current technological capabilities – manufacturers are going to have to produce more “unconventional” (i.e., “green”) vehicles to bump up their average fuel efficiency across their fleet. Unconventional, green vehicles cost consumers more. And, according to the Energy Information Agency, more expensive cars during an economic downturn equal lower sales, which equals… (wait for it…) fewer jobs!"
[HOT AIR]
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