To the surprise of no one who understands capitalism, hybrid cars are not selling. The powers that be in our government want Americans to buy and drive hybrid vehicles, to save the earth from the putative anthropogenic global warming crisis. So the government either mandates the production of such vehicles outright, or “encourages” their production in a multitude of ways, e.g., preventing oil exploration, raising taxes on gasoline, mandating specific miles per gallon that vehicles must achieve, spending taxpayers’ money on hybrid research, and everything in between.
And what is the result of all this government central planning? Mike Jackson, the CEO of AutoNation, the nation’s largest car dealer, spoke on this subject recently:
There are way too many Toyota Prius hybrids sitting on his car lots across America.They stretch “as far as the eye can see,” Jackson remarked at The Wall Street’s Journal ECO: nomics conference. He estimated he had some 600,000 hybrid cars “that no one wants.
That’s what happens when businessmen do what the government wants, instead of what the market wants. And what is Mr. Jackson’s solution to this problem?
“I’m looking for a change in consumer behavior,” Jackson said.One way to motivate consumers to buy more hybrids is a national gasoline tax that would push gas-pump prices to the neighborhood of $4 a gallon, Jackson said. This would help drive down petroleum prices, something that benefits U.S. chemical and airline companies.This “would keep money in the good ole USA. What’s wrong with that?” Jackson remarked.