


| Drivers who spend too much on fuel efficiency |
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Minimum standards for automobile fuel economy were first set in the US in the 1970s, and have since spread to Europe, Asia, and now Latin America. Regulators claim the rules save car buyers money on average, implying a market imperfection or behavioural anomaly. This column presents new evidence that those averages mask enormous variation.
Posted: 2021-01-05 06:09:00
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