Marketplace: US automakers want end to hybrid credits
Marketplace: US automakers want end to hybrid credits
Heard this last night on Marketplace. You can click the link and read the text of the segment. It appears that US car companies don't want "handouts" like the oil biz gets. Bully for them. Unfortunately, they aren't hand outs to the auto biz (which could actually use free money from Uncle Sam. I mean, who can't?) they are cash incentives to consumer citizens to attempt to redirect their consumption habits. This is a time honored policy solution, redirecting citizen actions, and one of the more difficult ones to pull off. People want their Coke, not Pepsi, afterall.
Fortunately, this one seems to be working thanks to high oil prices, the siren's call to buying alternative fuels and vehicles. It seems, however, that the Big 3 automakers don't want that to happen because...well, because as always they are behind the times and Asia is kicking their collective butts.
The only thing the automaker's lobbying will produce is more expensive cars and cars that guzzle gas, like SUVs. We all want more of those right? Because GM has massive capital put into manufacturing those and you wouldn't want to lose your money because you lack a vision of the future (because your eyes are focused on the bottom line of the spreadsheet), would you? Would you?
This isn't saying everyone else is perfect but let's call a spade a spade and promote intelligence over greed.
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