Sunday, August 27, 2017

The Coming Global Car Wreck-----Fans of Best of the Web Today

(2) Fans of Best of the Web Today:
"The European diesel car scandal is the consequence of the kind of regulation that amounts to central planning, which made the USSR so successful. 
No wonder the EU is being compared to the failed Soviet experiment
Note that the diesel cars require “AdBlue” to meet emissions standards.
Holman W. Jenkins, Jr.: “Germany’s dieselgate and associated scandals arise entirely from European politicians’ politically-correct pursuit of meaningless reductions in CO2.
Yet there has been no inclination to question the cost-benefit basis of the anticarbon crusade. 
Instead, Europe is doubling down by forcing car makers to build electric cars … 
[F]rom Berlin to Beijing to Sacramento, Calif., governments are already engaged in a new and even more implausible magic act: 
How to preserve their car industries and jobs while simultaneously mandating that car makers produce electric vehicles that can only be sold to the public at a steep loss in a world where oil is $50 a barrel and gasoline engines continue to make impressive efficiency gains.”


Dieselgate is not the fruit of an industry cartel but of politicians ignoring cost and benefit.
WSJ.COM

No comments: