For all the talk by liberatians and their ilk that regulation is bad and unnecessary, that chart of median fuel effeciency due to government requirements should give them pause. Wow. Well over a decade of non-progress until a path forward is mandated. Suddently the needle starts moving, with car owners, the environment, and energy import needs as big winners here.
The environment is an unpriced externality so it has to be controlled by the government. Also, the needle starts moving with Tesla, Volt, GM etc. Breaking into electric. The government has helped there too. I am a libertarian and I am totally ok with that. Market solutions will almost always be better than government ones BUT some things can't be solved by the market. Whether perverse incentives or unforeseen issues,…
Yes, and a commons, and must be protected for that reason. https://en.wikipedia.org/wiki/Tragedy_of_the_commons