Reply to Car ownership is now a luxury

Forum Index » Money and Finances

Reply to "Car ownership is now a luxury"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why are people pretending BYD will be successful in America? No one will buy cheap electric Chinese cars. The US car market is all about SUVs and trucks. The average American would rather go into debt to get a Ford F-150 than purchase a compact electric car. [/quote]

So many people in the US would love to have an option to purchase a small truck. There is a huge tariff on small trucks and the National Highway Traffic Safety Administration has created ridiculous rules to ensure which companies are going to have a better chance at being profitable.

It is so upsetting to realize how the deck is stacked against the poor and middle class in the country.

The Chicken Tax, a 25% tariff on imported light trucks, originated in 1964 after European nations imposed tariffs on American poultry, prompting U.S. retaliation. Despite global changes in trade policy, this tariff remains, affecting the automotive market by ensuring trucks built in the U.S. dominate sales.

Then add to that the NHTSA's Corporate Average Fuel Economy (CAFE) standards regulate how far our vehicles must travel on a gallon of fuel. NHTSA sets CAFE standards for passenger cars and for light trucks (collectively, light-duty vehicles), and separately sets fuel consumption standards for medium- and heavy-duty trucks and engines.Corporate Initial standards: The CAFE standards were originally less strict for trucks compared to passenger cars, as they were intended for heavy-duty, commercial use, not personal commuting.

The "loophole": Automakers discovered that they could make trucks larger and heavier to meet the more relaxed standards. This created a market for larger personal vehicles, which are now more common.[/quote]

Wow.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics