What's the real cost of new CAFE regulations? Millions, billions, nothing?
Aside from living in a cleaner environment created by the "greener" cars of tomorrow, is there any other benefit of increased fuel standards? The answer is a simple, "yes." Though the average car might cost an additional $985 up front, this is more than offset by money saved in fuel. In fact, over the life of the car or truck, the average new car buyer will realize a return on their investment of an extra $3,000 plus dollars in your wallet. Sounds like a good deal to us.
So why is everyone crying over the new regulations? Because they want pity. Automakers want pity for spending more money to make cars, even though the cost is passed right on to the consumer. Consumer groups want pity for dishing out $985 extra in an already beaten economy, an understandable but misleading case. The truth is, the new CAFE rules are far from costly and they will benefit buyers more directly than anyone else. Plus, they will benefit all of us by creating a greener future.
[Source: Detroit News]
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