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CAFE makes older cars more desirable. Look at the prices of vintage autos: the cars built before CAFE existed are in much higher demand.
May 21 13:12 pm
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All Comments by fool me twice... »Auto MPG: The Economics of CAFE, Part One [View article]
The pre-CAFE 1970 Camaro had a 370 hp V8, but the post-CAFE 1980 Camaro had a 170 hp V8. These cars have the same bodystyle and the newer model includes some better technology and better fuel economy, but today a 1970 Camaro is worth 5 to 10 times as much as a 1980 Camaro.
This "improvement" to CAFE will have the perverse effect of persuading drivers to keep their old, polluting, capable cars rather than pay a lot more for a newer, cleaner, less-capable car.
With or without CAFE, the only thing that will EVER have an impact on gasoline consumption is the price of gasoline.