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Yes the law does make it difficult for new companies to sell automobiles which have CO2 emissions.
by carride 4y ago
Yes the law does make it difficult for new companies to sell automobiles which have CO2 emissions.
- vinyl7 4y agoTechnology is iterative. Just like start-ups take years to become profitable, it might take years for a new car manufacturer to become on-par with the competition. Raising the floor impedes new competition. Regulatory capture is popular among american oligopolies
- carride 4y agoAs a result of severe air pollution in the 1960s, then-California Governor and future Republican hero Ronald Reagan created the California Air Resources Board to set a statewide approach to managing air quality. The plan to create these regulations began almost 60 years ago, and I believe the future 2020s regulations were known by everyone in the mid 1990s.
- eesmith 4y agoThe logical conclusion of this argument would mean that that seat-belt requirements, air bag requirements, crash testing, etc. are regulatory capture meant to impede new competition. Assuming that's true, these requirements exist in (I think) every country which makes automobiles. And even countries with no domestic automobile production. Why single out American oligopolies?