Cap-and-trade regulation to limit carbon dioxide emissions was rejected by Congress. But did you know federal agencies have applied it to cars? Derrick Morgan of the Heritage Foundation explains: “EPA and DOT’s latest fuel economy standards no longer allow auto makers to pay a modest fine for less efficient vehicles. Instead, they have imposed ca-and-trade for cars. Car makers with fleets with lower fuel economy would have to buy permits from others. The government’s own data indicates this scheme will cost families an average $3000 more for a new car. We already consider fuel economy when buying a vehicle. We don’t need cars with the safety, size, and performance we need to be more expensive through cap-and-trade.”
February 12, 2013 by David Rothbard,
David Rothbard is co-founder and President of CFACT.