This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: to sell for $10 per gallon for the Prius to be economic. Kazuo Oakmont, Toyota’s own research chief, admits that in terms of fuel efficiency, “the purchase of a hybrid car is not justified.” But isn’t it beneficial to the economy and the environment that hybrids consume less gasoline? Ironically. To the extent they reduce demand for gasoline by consuming less, hybrids keep the price of gasoline lower than it otherwise would be thereby encouraging greater sales of SUVs and other gas guzzlers. Moreover, as Holman Jenkins pointed out in the Wall Street Journal, Thanks to the special genius of our corporate fuel economy rules, Prius buyers directly underwrite Toyota’s ability to sell more SUVs and pickups in the U.S. market without paying the fines that Mercedes, BMW and Volvo long ago accepted as a cost of doing business in the U.S....
View Full Document
This note was uploaded on 02/10/2012 for the course MATH 2003 taught by Professor Mh during the Spring '11 term at Lone Star College.
- Spring '11