What incentives, regulations, or other government actions should be used to promote more fuel-efficient cars? And what factors should convince Americans to buy those cars?
High gas prices seem to be a staple of Memorial Day, the kickoff to the summer driving season. As gas prices remain high, Congress and the administration will keep focusing on alternative fuels and overall energy issues. Lawmakers from both parties have introduced bills incentivizing alternative-fuel technologies. The administration is moving forward on its fuel-economy standards and electrifying the federal fleet.
What specific bills should Congress and President Obama adopt? What factors should go into drafting the next round of fuel-economy standards? Some top experts, including Energy Secretary Steven Chu in 2008, have said higher gasoline prices spur a shift to cleaner cars. Do you agree with that? Do gasoline prices need to stay high to trigger substantive action?