According to results from a poll commissioned by the Consumer Federation of America, 62 percent of Americans support a federal fuel economy standard of 60 miles per gallon. The current standard is 27.5 mpg, and will rise to 35 mpg by 2016.
In the language of the actual press release, the poll inferred that consumers were willing to pay more for more efficient vehicles, but stopped short of issuing any empirical data on actual price premiums consumers were willing to pay for a vehicle that met that lofty standard.. The release also refrained from detailing what percentage of respondents would actually be interested in purchasing such vehicles.
In this day of “something for nothing” thinking, free or low-cost app downloads, do you think consumers are being naïve about the potential costs and trade-offs of high-mileage vehicles, and the fact that the proposed standards will likely mean smaller cars, with less-powerful engines, as the auto manufacturers are claiming? Or do you think, as in years past, automakers will meet the new federal standards, while maintaining the size, performance, and features to which auto buyers have become accustomed?
What do you think? Do we need to keep the throttle down, so-to-speak, on fuel efficiency standards? Or do federal regulators and legislators need to back down and take a more gradual, pragmatic approach to economy standards? Are you willing to pay a little more for a vehicle that drinks a little less fuel?
Source: Detroit News, Consumer Federation of America