Yet it is the EPA regulations on emissions by vehicle wheelbase that have led manufacturers to continuously increase size rather than reduce emissions. Great job…
That’s because the auto industry realized there was a lucrative loophole in the regs and has since successfully lobbied to keep it in place. Basically it’s a type of regulatory capture.
It’s not that simple. In the US at least it’s more of a case of standards that created an accidental loophole, which could have been closed quickly, but because car manufacturers found it so profitable they have fought ever since to keep the rules from being revised. When the original cafe standards were passed trucks were actual utilitarian vehicles and CAFE did a lot to raise average mileage. It’s time to stop exempting trucks and SUVs.
Are you saying government regulation as it is now is a problem, or are you suggesting that in a truly free market the car companies would stop making giant trucks despite it being their bestseller?
You’re partly right. The implementation of government regulation is a problem. Lawmakers are, for the most part, absolutely incompetent when it comes to making effective regulation.
Yet it is the EPA regulations on emissions by vehicle wheelbase that have led manufacturers to continuously increase size rather than reduce emissions. Great job…
https://youtu.be/azI3nqrHEXM
Yep, that’s it exactly!
That’s because the auto industry realized there was a lucrative loophole in the regs and has since successfully lobbied to keep it in place. Basically it’s a type of regulatory capture.
It’s almost as if government regulation is a problem.
It’s not that simple. In the US at least it’s more of a case of standards that created an accidental loophole, which could have been closed quickly, but because car manufacturers found it so profitable they have fought ever since to keep the rules from being revised. When the original cafe standards were passed trucks were actual utilitarian vehicles and CAFE did a lot to raise average mileage. It’s time to stop exempting trucks and SUVs.
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Are you saying government regulation as it is now is a problem, or are you suggesting that in a truly free market the car companies would stop making giant trucks despite it being their bestseller?
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I’m saying two wrongs don’t make a right.
Incoherent
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You’re partly right. The implementation of government regulation is a problem. Lawmakers are, for the most part, absolutely incompetent when it comes to making effective regulation.
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It is, but largely because money in politics and regulatory capture have made the machine work against the people.
It is always a problem.