In Defense of US Fuel Economy Standards

2024-11-26T15:11:50-05:00

I had dinner recently with a friend who is a money manager.  He told me that he planned to buy stock in a major automobile company.  He said that the stock had earnings of $2.00 per share.  But that was because the company was making $3.00 per share on its sale of gasoline-powered cars and losing $1.00 per share on its sales of electric vehicles.  With the incoming Trump administration set to loosen or eliminate the Corporate Average Fuel Economy (CAFE) standards, he figured that the company would soon be out of the EV manufacturing business and back to the [...]