NSANY - Swedish Car Market Crashes 50% After Imposing California-Style Emissions Laws
The U.S. car market has been running at a rate of approximately 17 million light vehicle annual sales for the last few years. How would you like to see that number suddenly fall by 50%, to 8.5 million annual vehicles sold?
This is the story of how another country tried a similar approach, and experienced a 50% drop in new car sales immediately upon implementation.
As you hopefully have seen, California and a few other states have joined together to increase prices of regular gasoline/diesel cars, in order to subsidize electric cars. This is being