Biden waved a wand and decreed all gas and diesel-powered vehicles must get 55 miles a gallon by 2026. That’s obviously not going to happen, so this is yet more government coercion to get you into an electric car. From Eric Peters at ericpetersautos.com:
The Biden Thing has just “ruled” – at least it used the right word – that all new cars that aren’t electric cars will average 55 miles-per-gallon by four years from now (2026).
This amounts to a Great Leap Forward of almost 20 miles-per-gallon from the currently-ordered 36 miles-per-gallon all new cars must achieve – else their manufacturers be punished for making them via “gas guzzler” fines applied to them.
Which are then passed on to the people who buy them. Which makes it progressively more difficult to afford them.
That being the point of the fines, you understand.
The free market being an intolerable affront to these Things. Can’t have supply and demand determined by . . . supply and demand. That would be even worse a thing than free association.
The Things will say they are “saving you money on gas” via their “rules.” Which is true in the same way that “ruling” you must live in a small apartment in the city “saves” you the bother of having to cut a lawn. They do not say anything about the cost of the apartment – including the diminishment of your personal space – and your control over it.
Nor, of course, do they say anything about using “rules” to make you pay more for what you don’t want. An affront which brings us to the following fact:
Right now, only two new (2022 model year) cars meet the new “rule” – just barely. They are the Toyota Prius and the Hyundai Ioniq.
Both are partially electric cars (i.e, hybrids) and also small cars designed to be primarily economical cars. They are not bad cars. Indeed, they have their merits – chief among them their ability to average about 55 MPG. But they are not cars most people want – else you’d already see most people driving them.
Italics to make the point.
Why then aren’t most people driving them – assuming (as the Things insist) that “saving gas” is the most important consideration motivating car buyers? The answer, of course, is that it isn’t – even though the Biden Thing has caused the cost of gas to almost double in less than twelve months.