Tuesday, July 26, 2011

The Difference Engine: Priced off the road?

Jul 15th 2011, 16:57 by N.V. | LOS ANGELES

THERE is one sure way to free a gas-guzzling country like America from having to rely on oil imported from places that are politically unstable and far from friendly, while at the same time reducing its carbon emissions and conserving energy for future generations. Politicians on both sides of the aisle know precisely what it is. But none dare breathe the dreaded words because they spell political suicide—all the more so in these days of dysfunctional government. So, instead of raising the tax on petrol to something close to European or Japanese levels, fuel-efficiency mandates are once again to be used to force carmakers to spend billions developing vehicles that consumers are unlikely to find appealing.

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