General Motors Vice Chairman Bob Lutz does not like fuel economy rules, once declared that hybrid cars made no sense to sell or buy, and on Monday said he sees a lot of value in a steady rise in gasoline tax, CNNMoney.com reports.
Why?
Lutz can’t stand how fluctuating gas prices drive consumer preferences. Gas goes down, Americans buy big cars. Gas goes up, small cars are back in fashion. Matching supply to demand becomes impossible.
Another reason for Lutz’s support of a higher gasoline tax, he stated Monday, is his belief that conventional internal combustion engines will dominate the auto industry regardless of advances in electric vehicles.
While Lutz may be right, it’s a strange message to send on the first day of the International Auto Show, where your company is heavily promoting the new electric Chevy Volt.
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