Tag: CAFE standards

Member Post

 

Today is the 51st anniversary of Earth Day, a major national event prompted by the late Gaylord Nelson, a Democratic US Senator from Wisconsin. Some say it is inspired by this oil spill off the coast of Santa Barbara, California. About 22 million people – at the time, about 10 percent of the total US population – […]

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CAFE and ‘If It Saves One Life’

 

We’ve heard a lot about how we shouldn’t open up the economy because the Wuhan Virus will re-emerge and kill additional people. The death and misery caused by the current policies shutting down the economy don’t seem to worry these people.

After the Yom Kippur War of 1973 and the Arab Oil embargo, Congress passed CAFE (Corporate Average Fuel Economy) which mandated that automakers increase it. They responded by making lighter cars which are more dangerous. A 2010 American Thinker article estimated that the total deaths resulting from this range from 41,600 to 124,800 with many more seriously injured.

Richard Epstein looks at Donald Trump’s recent executive orders on energy and environmental issues, explaining how free-market economics can be reconciled with good environmental stewardship.

Volkswagen, the EPA, and Latter-day Indulgences

 

Volkswagen Group’s stock price has collapsed 30 percent since news broke last week that the company doctored engine management software to conceal tailpipe emissions exceeding EPA standards. Why would a global corporation risk an estimated $18 billion in fines and penalties to eke a bit more mileage out of a diesel power plant that is already remarkably thrifty and powerful? The figure below tells the story in one chart.

CAFE Standards