It's worth noting that the Obama mandated
corporate AVERAGE fuel economy requirement for 2024 is over 50 miles per gallon. This means that EVERY SINGLE vehicle sold by Toyota, Ford, BMW, etc., must produce an average fuel economy this high. For every vehicle getting "only" 50 mpg, an offsetting vehicle getting 60 mpg must be sold. These vehicles are on the drawing boards TODAY. Yet, there's not even a single vehicle today that meets that standard, much less a corporate average (short of electric vehicles, which only meet the standard because the CO2 produced from generating electricity is not included in the measurement).
BILLIONS of dollars are being wasted as I write this designing absurd vehicles that no one really wants to drive, but must be sold if this standard were to become law. Kudos to Trump for killing it now.
And then many wonder how and why the average cost of a light vehicle is now a whopping $36,270! This is as of January 2018 and according to Kelly Blue Book. Moreover, it is becoming increasingly common to finance a vehicle for 84 or more months (7+ years). A lot of that cost can be directly tied to government mandates and ALGores climate scheme.