Bob Lutz Says Obama Economy Regulations Will Cost $5,000 Per Vehicle Not $1,800 As Estimated

Bob Lutz, former vice chairman of General Motors Co., Thursday told SAE World Congress he predicts government fuel economy regulations will boost the price of a vehicle by $5,000.

That's much higher than the government has predicted vehicle prices will rise by 2025, when automakers must meet an average 54.5 miles per gallon for cars and trucks.

New fuel economy rules finalized in 2012 are expected to add $1,836 to the price of a new vehicle by 2025. Prices for trucks will increase $2,059 on average, while the price of a cars will rise $1,726, according to the Obama administration.

"We're on the way to my $5,000," Lutz said during his keynote address at SAE. "If the government says $1,800, it'll probably be about double that by the time the cars hit the road."

drell1emc - 4/18/2013 6:31:20 PM

+2 Boost

I get about 23 mpg, 93oct @$4.25 92miles round trip. hybrid 47 MPG
23mpg=$4,420yearly 47mpg=$2210yearly and that's only going to work and back. So for meabout two years I'll break even. with and if tax break maybe 6 to 12 months. I could move closer work but I like where I live.

mrcassis - 4/18/2013 10:36:57 PM

-3 Boost

Let's go auto spies faithful. Its that most wonderful time of the week! Let us turn our attention from Fox, turn off Rush and Levin for a little bit. Let us join hands and do the only thing in life that we do well......BASH OBAMA!!!!!!!!