Obama EPA Fuel Efficiency Standard Will Eliminate Half of U.S. New Car Buyers.

Obama EPA Fuel Efficiency Standard Will Eliminate Half of U.S. New Car Buyers.(NR).By Jeffrey Klein.The Obama EPA is planning to enact their stunning 2025 EPA fleet fuel efficiency standard, raising it from the already high 35.5 miles per gallon mark by 2016, to a whopping 54.5 miles per gallon, according to Judson Berger’s FOXNews article yesterday.
The price from accomplishing this objective will add from $3,000 to $5,000 (today dollars) to the price of a new car–and that will cause about 6.8 million people to be unable to qualify for a loan to purchase a new car, according to Bailey Wood of the National Association of Auto Dealers (NADA).
The Obama administration “sold” the idea to the unwitting public, by saying the increase in price would pay for itself by fuel cost savings over four years. However, as Wood points out, if the customer can’t afford the new, fuel-efficient vehicle in the first place–the reduction in fuel consumption and lowered emissions is an academic non-starter.
Instead, they will go to the relatively “gas-guzzling” used car market to make their purchase, while seriously damaging Detroit by being priced out of the new car showrooms.And in a January statement from Mitch Bainwol, head of the Alliance of Automobile Manufacturers, carmakers are in lock-step with dealers, saying … [the] “ultimate question” is whether consumers will buy these new cars.
Otherwise its’ “game over.”In following their instincts for self-preservation, autodealers are hoping to convince the administration to delay the process, until the impact on consumers can be further studied.
Just like Obama mandated additional time for review of the Keystone Pipeline deal.Wait.Do you really think President Obama will risk derailing his environmental extremist voter base, in an election year–just to save the country from mass destruction?Hmmmmm..........Obama: "All the Choices We've Made Have Been the Right Ones".Read the full story here.