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Law passes requiring improved mileage or fines. Auto makers followed by increased mileage and avoided fines. It's pretty simple.
by jonknee 11y ago
Law passes requiring improved mileage or fines. Auto makers followed by increased mileage and avoided fines. It's pretty simple.
- stickfigure 11y agoAlternative narrative: Customer demand shifted to cars with higher mileage. Auto makers stopped resisting higher CAFE standards because the minor increment was meaningless. See also: The ongoing debate over minimum wage laws and unemployment. Inferring causation from correlation is not "pretty simple", but a lot of poor decisions are made under that assumption.
- tw04 11y agoI can tell you for a fact that at least on large diesel truck forums when gas/diesel hit $4/gallon the number of used trucks being posted for sale was staggering. The number of people who couldn't afford to fill their trucks up and still make a payment was almost comical.