The Truth About Cars website reports NADA economist Steven Szakaly as saying that after 2018, as the focus moves to the post-2025 CAFE rules, consumers will become disinclined to buy new cars -
Unless gasoline prices rise significantly, or we see consumers
becoming irrational and everyone buying an electric car, it’s tough to
think of consumers willing to pay $3,000 to $7,000 more for the exact
same car, just because someone in Washington, D.C., or California says
they need to buy it.
So he told Automotive News's 2014 Management Briefing. There's a lot could change between now and then ... For one thing, US petrol prices could become aligned with Europe's.
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