From Breakingviews: GM lets short-term profit get in the way of its commitment to zero emissions
Morning traffic makes its way along a Los Angeles freeway in Los Angeles, California, U.S., September 19, 2019. REUTERS/Mike Blake
The four, along with a couple of lobby groups, are pitching the matter as merely a legal issue, with Washington, D.C. alone setting emissions standards. The Golden State wants to push ahead with rules to improve average fleet fuel economy to some 47 miles per gallon, whereas the administration of President Donald Trump wants to reduce average fuel efficiency to 37 mpg. Ford Motor, Honda Motor, Volkswagen and BMW, as well as 22 other states, have already sided with California.
That doesn’t wash in this instance, though. For starters, there are short-term financial incentives at play. The highest-margin products automakers sell are gas-guzzling, high-emissions SUVs and light trucks. They can sell more of them if on average they only have to hit the White House’s lower fuel-economy target than the Barack Obama-era rule that California is keeping alive.
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