If Congress is seriously interested in finding people to cut perhaps they just need to look at those responsible for producing automobile company sales projections for the year 2025. That’s right, the Environmental Protection Agency and the Department of Transportation spent your tax dollars to make up sales projections for a model year that is thirteen years from now.
Of course, this should not be surprising for the EPA which regularly creates regulations based upon speculative global warming models that project weather patterns fifty to one hundred years in the future. So, automotive industry sales projections for the year 2025 must have seemed like legitimate economic analysis after dealing in the politically driven climate guessing world for the past few years.
Not shockingly, the analysis is based upon the automakers current line-up of vehicles and their dependence upon vehicles which are likely to no longer exist if the Transportation Department’s rule increasing the average gas mileage for a company’s fleet of vehicles to 54.5 miles per gallon in 2025 becomes the law of the land.
The projections were created as part of the CAFÉ standard rulemaking process, and Automotive News quotes Jeff Schuster, senior vice president of forecasting at LMC Automotive as indicting the guesswork on two fronts noting that the report relied upon 2008 sales data making it, “a bit dated, especially given all the changes in the automotive industry over the last few years.”
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