Thread: The Cost of Higher CAFE Standards: $3.6 Billion/Year and More Traffic Jams
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Old 02-18-2004, 11:56 AM
Bruce Levinson Bruce Levinson is offline
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Re: The Cost of Higher CAFE Standards: $3.6 Billion/Year and More Traffic Jams
I'll be glad to e-mail you the CBO study, its worth reading. The idea that higher fuel economy could lead to increased congestion has nothing to do with drivers being "stupid." The basic premise is that people consume relatively more of a good or service when the price i slower. Thus, if the price of a mile of driving declines, people will drive more miles.
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