In an article about the automotive industries view of the regulations, Bloomberg reports:
The automaker trade group that urged President Donald Trump to review tougher U.S. fuel economy rules now says the industry, federal government and state of California should all want to do a deal to increase standards because of public support.
Reaching an accord will entail compromise on how much the companies should need to increase fuel efficiency over time, Mitch Bainwol, president of the Alliance of Automobile Manufacturers, said in an interview Tuesday. The group, whose members include General Motors Co., Volkswagen AG and Toyota Motor Corp., is calling for a three-way pact with the Trump administration and California, which has the toughest clean-air rules in the country.
The thing about consumers is that they want more fuel efficient cars, but they don't want to pay any extra money for it. As human beings, we can't be blamed for that. We absolutely want a ton of stuff for as little of a price as possible. I've never heard anybody say, "I want a fuel efficient car that costs me three years worth of hard work at my current job." Nobody will ever say that.
The fact of the matter is, cars have been increasing in price over time because of the better fuel efficiency, but people still buy them. Consumers just need to make sure that the manufacturers know that they want lower prices, but at the end of the day, nobody really cares all that much.
