Trump’s Fuel Efficiency Freeze Brings The U.S. Auto Industry To A Fork In The Road. Will It Take The Path Forward Or Go In Reverse? | Energy Central
Only ten years have passed since the U.S. auto industry took the wrong fork in the road and effectively imploded during the 2008 economic crisis. Among the factors that contributed to the bankruptcies of Chrysler and GM were bank-breaking gasoline prices. No one wanted to buy the gas-guzzling SUVs that made up a disproportionate amount of their production.
Ten years later, the U.S. auto industry is once again at a crossroads that will not only chart their future, but also reshape the future for consumers and our planet.Today, amidst all of the White House’s political maelstroms, the federal government rolled out a dangerous proposal to freeze automotive fuel economy and greenhouse gas standards.
The evidence is that the US auto industry learned NOTHING from the 2008 financial collapse. They are now going backwards with Trump leading the way into a devolution of blocking all renewables, hating electric vehicles, and supporting coal/oil/nuclear monopolies, all of which are OBSOLETE, DEAD FOSSILIZED DINOSAURS.