Legislation Introduced To Offer 1 Billion Dollars To US First Company To Sell 60,000 100 MPG Vehicles

Rep. Dan Lungren (R-Calif.) on Wednesday introduced legislation that would offer a $1 billion prize to the first U.S.-incorporated auto company that can sell 60,000 gasoline-powered cars that get 100 miles per gallon.

The Excellence in Energy Efficiency Act, H.R. 3872, is the Republican answer to the Democrats’ push for the development of gas-electric or all-electric cars. The flat prize is also a departure from current government incentives to buy green vehicles, which some estimate could cost the government several billion dollars.

 

Joe_Limon - 2/6/2012 1:26:01 PM

+1 Boost

Easy solution, make 60,000 $10,000 cars with absolutely no interior features, fixed windows all around, barely road legal, and purchase them all with a "separate" GM funded company. Instant $400 million profit and your CAFE average is artificially boosted allowing you to claim that you're the most fuel efficient manufacturer lol.

If anyone wants any of these shit boxes, you can sell them for $5000 and that'll destroy any/all eco/econo competition.

Joe_Limon - 2/6/2012 1:26:31 PM

+1 Boost

oops, "GM" or any other manufacturer lol.

AlleVier - 2/6/2012 4:05:04 PM

+2 Boost

Joe, the details of this plan are largely non-existent and, as such, it is one giant loophole. Not sure why you even bothered to suggest the cars had to be road legal.

quizz - 2/6/2012 11:39:39 PM

+2 Boost

idiotic stupid ... unbelievable

LexSucks - 2/7/2012 4:10:26 PM

+1 Boost

And these are the folks who some people want to put back in office? LOL!!