Obama administration admits new fuel efficiency standard will raise new car costs $1,100+

Subject: txt engry grn mny -
That's the net effect of the Obama administration's ridiculous new fuel efficiency standards, according to the Institute for Energy Research: In a best-case scenario, the Obama Administration says that its regulation will increase the price of a car by $1,100 per vehicle. Other estimates are much higher—a study by Global Insight found that this kind of regulation would increase power-train costs by $1,000 for small cars and $5,000 for larger vehicles...

READ MORE