The following report is by The Daily Caller:
The National Highway Traffic Safety Administration (NHTSA), a subagency of the Department of Transportation (DOT), unveiled the updated Corporate Average Fuel Economy (CAFE) standards, which would require cars and lighter trucks to improve their respective fuel efficiencies by 2% and 4% starting in 2027, according to a DOT press release announcing the proposal.
The rule would also mandate work vans and pickup trucks to increase their fuel efficiencies by 10% each year, starting in 2030, according to the DOT press release. If manufacturers fail to meet the stipulations of the proposed CAFE standards, they will have to pay punitive fines to the government, according to the rule’s text.
AUTHOR’S NOTE: ZeroHedge noted in their article the fuel efficiency standards would be raised to 58 miles per gallon.
General Motors voiced its concerns to the Biden administration about prospective new fuel economy standards, telling administration officials in mid-July that such standards could cost American automobile manufacturers as much as $100 billion in 2031 and $300 billion over a five-year timeline, according to Reuters. The administration reportedly dismissed General Motors’s concerns, telling the company that their analysis was incorrect.
This is an EV mandate and further evidence that the elites want normal people to hoof it or take the bus. Americans had better wake up, because cars will soon be so expensive that people won’t be able to afford them.
Dan Kish, senior fellow at the Institute for Energy Research, told the Daily Caller News Foundation.
The NHTSA believes that the proposal will save Americans money at the gas pump while boosting American auto manufacturing and reducing reliance on foreign oil, the press release says.
However, the agency has conceded that the rule would saddle the auto manufacturing industry with more than $236 billion in costs, and that the proposal could raise automobile prices by as much as $1,000.
The agency estimates that the “combined benefits” of its proposal will outweigh its costs by more than $18 billion, according to the press release. The NHTSA said that the agency will coordinate with the EPA to minimize costs of compliance with the proposal should it be finalized.
The proposed NHTSA rules are in line with recently-proposed tailpipe emissions standards from the Environmental Protection Agency (EPA), which would effectively require auto manufacturers to have their new fleets be 67% electric vehicles by 2032. The agency also estimates that the rule will save Americans more than $50 billion on fuel costs over the lifetimes of their vehicles.
Neither the DOT nor the White House responded immediately to requests for comment.
AUTHOR COMMENTARY
For added context, this announcement came a day after Ford Motor Co. revealed that they are primed to lose $4.5 billion in revenue on their electric vehicles this year, and recently lowered the prices of their F-150 Lightnings to try get them moving off the lots. So far the company has already lost $1.8 billion.
But this was not surprising to see as the EV market is highly unprofitable for them. In May news began to spread that revealed Ford is losing roughly $60,000 for each EV they sell. Therefore it is not surprising to see that they are now readjusting their targets and will begin slowing the production rate of EVs.
These are of course proposals presented in this report, and so is not a guarantee, but I mention it because it demonstrates just how much these psychos want to go electric, but not for the reasons people think.
The ultimate goal is to remove private ownership of vehicles from the masses. The electric scheme is just a ploy to disrupt and destroy the industry. “You’ll own nothing and be happy.”
SEE: World Economic Forum Says They Want To Limit 76% Of Private Car Ownership By 2050
U.K. Is Considering Stripping Personal Car Ownership To Meet Pollution Goals
California Passes Bill To Pay Residents $1000 For Not Owning A Car
All new vehicle types right now are so insanely expensive hardly no one can get one, especially with rates where they are at. Forcing prices higher on conventional vehicles would just make the problem worse and EV sales still will not rise that much. EVs are total failures at all they were promoted to be.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I guess we’ll just have pedal cars now, or go back to horse and buggy. I guess the Amish had it nailed all along.