Last week was the auto industry's turn. In a speech in Ypsilanti, Mich., Mr. Trump said he would alter rules imposed by the Obama administration to raise vehicles' fuel standards, which are aimed at curbing greenhouse gases. The rules, Mr. Trump said, are killing jobs. Getting rid of them would prompt a resurgence in the auto industry that would make America “the car capital of the world again,” he said.
That's one possibility. We also have to consider another scenario: Loosening the fuel-economy rules could remove a primary incentive for big carmakers to catch up with innovative upstarts like Tesla and leave the American car industry out of step with a future ruled by electric motors rather than the internal combustion engine.
Read Full Article »
