McConnell on Marketplace
View on American Public Media website
In a commentary aired December 15 on American Public Media’s Marketplace Radio, Senior Fellow Virginia McConnell
suggests that raising taxes on gasoline would spur automakers to build greener cars – and motivate potential buyers. “Recently passed fuel economy standards are a step in the right direction, but high gas prices are essential. They provide incentives to manufacturers to produce the new generation of vehicles, and for consumers to buy them,” she said. “The recent run-up in oil prices showed us what a powerful force the market can be in influencing purchase decisions and spurring innovation.”
