Fuel Economy and Perverse Unintended Consequences
The 1973 Yom Kippur War pitting Israel against Syria and Egypt motivated an Arab petroleum boycott, instigating congressional passage of the 1975 Corporate Average Fuel Economy standards. Known by its acronym, CAFE, the program does not mandate that every car sold in the United States be parsimonious but defines an average that each manufacturer’s cars […]
Read More