Price Of  Cars May Explode

Thanks to a new regulation proposed by  Barack Obama’s Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration the cost of a new car in America is set to explode, skyrocketing by thousands of dollars.

A new 893-page proposal unveiled last week, states automakers must hit a fleet-wide fuel economy average of 54.5 miles per gallon by 2025–double today’s 27.3 standard. The government says it would cost automakers $8.5 billion per year to comply, which means a spike in sticker prices of at least $2,000 to $2,800, according to official projections. Other estimates peg the added costs at $3,100, and that could go even higher. Vehicles that currently cost $15,000 or less will effectively be regulated out of existence.

An unacceptable consequence is loss of life resulting from smaller vehicles:

In past years, the structure of the regulations induced automakers to dramatically downsize some vehicles to meet the standard, which increased traffic fatalities by the thousands. The new standards would require downsizing to both small and large models, which the government contends will neutralize the risk. However, the NHTSA and the EPA disagree on the extent of the risk, while outside experts say that the danger would be heightened by the extreme stringency of the proposed standards.

Automakers will likely take a hit as well. They will be forced to change the lineup of vehicles they offer in order to meet their fuel efficiency targets, and they will have to produce cars and trucks that Americans don’t even want.

Unelected bureaucrats at the EPA who have never been authorized by Congress to set fuel-efficiency standards for any purpose are making decisions on what car makers can make and what you can buy.  Even worse these bureaucrats know decisions they have already made are causing American lives and these new regulations will cause more deaths.

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