This is fairly misleading - the change just allows for market forces to drive production more than regulafions. Its already heading toward EVs, this just means that artificial imposition of quotas dont need to make prices higher for consumers.
Im no fan of the Trump administration, but I actually agree with this move.
If the market was already behaving in the desired way, then removing the regulation does nothing.
If removing the regulation allows “market forces to drive production”, then the market was not behaving in the desired way and that’s probably why the regulation existed in the first place.
Fuel efficiency standards create a floor that would not be there otherwise.
Then you haven’t been looking very hard. The airline industry in the US is a good example. Your internet search terms could be “deregulation case study” and would also find negative cases
This is fairly misleading - the change just allows for market forces to drive production more than regulafions. Its already heading toward EVs, this just means that artificial imposition of quotas dont need to make prices higher for consumers.
Im no fan of the Trump administration, but I actually agree with this move.
Do you breath thru your mouth and eat lead paint too? Sure seems like it…
Regulation guides market behavior.
If the market was already behaving in the desired way, then removing the regulation does nothing.
If removing the regulation allows “market forces to drive production”, then the market was not behaving in the desired way and that’s probably why the regulation existed in the first place.
Fuel efficiency standards create a floor that would not be there otherwise.
I have never once seen or heard of market deregulation resulting in an improvement in the health of that market.
Then you haven’t been looking very hard. The airline industry in the US is a good example. Your internet search terms could be “deregulation case study” and would also find negative cases
Of course you do dude, you believe in the invisible handjob of the market.