Via Business Week comes the unbelievable news that Obama wants to double vehicle fuel efficiency standards. Just what we need in a struggling economy, more expensive cars, leading to fewer sales, leading to few jobs for production, transportation, sales and so on:
Government aims to double fuel efficiency. The Obama administration has released its final fuel efficiency standards for cars and trucks, requiring each automaker’s fleet to reach an average 54.5 miles a gallon by 2025, nearly doubling current levels. To meet the standard, automakers will need to introduce new technologies and sell more alternative fuel vehicles. Critics say the rules will add thousands of dollars to new car prices.