Also in this playlist...
This transcript is automatically generated
You expect sticker shock when these -- -- fuel efficient cars hit the markets is what the president have to say about that.
Does it costs money to develop these vehicles.
But even as the price to build -- these cars and trucks goes up the cost of driving these vehicles will go down.
As drivers save money at the pump.
Well he estimates the cost of these new green -- cause that 1300.
Dollars extra Poe cop however there are other estimates a lot higher than last.
Let's turn to the expert here George -- I don't know director of automotive research at his spot my HS global insight George welcome to the program.
They kind of you know I've got an analyst -- who's saying look it's going to be 7000.
Dollars more -- -- when these green cars hit the market -- -- -- go along with that.
Well it's good to be anywhere from say three to seven depends upon the size of -- -- thousand to seven backtracked we we estimated that the cost of state of a big truck that the the engine to fuel efficient it into the record a couple of thousand dollars a -- OK and so that's.
That's -- you starting point is given today's technology have they got -- they need new technology.
Which has yet to be invented to achieve these fuel efficiency standards that accurate exactly we've been working on it for quite a few years -- -- -- first oval.
Up with a live with the gas was cheap we spent a lot of money or big trucks begin adjusted performance cars that we have to reorient it.
-- to smaller more fuel efficient cars -- bigger cars that get the -- type of fuel efficiency of that technology isn't there at a reasonable price right now.
Well is it going to be there for Detroit but good always taxpayer money pumped into GM and Chrysler presumably they got to spend some of that money on developing this technology is that we can get because at three to 7000 dollars extra but -- to -- we're -- -- from Detroit's.
As opposed to technology from Toyota or Honda all Kia.
Well I -- the issue today with the body that would put it to did.
GM and Chrysler let the people flow that's -- -- develop these cars and trucks more -- we'll have to come down inability to support these efforts of fuel efficiency.
And it has to be directed not just the GM Ford Chrysler but throughout the industry.
-- ideology isn't there yet we kidnapped.
-- -- country produce small cars that -- part performance at a reasonable price Toyota camp well.
Most of those little cars have not produced here they're reduced in Japan or or Mexico.
Or Europe and I are not the only what was -- Toyota's make it -- basically crossovers the -- the accords and things like that.
-- what are you -- that we got to spend a ton.
Billions of taxpayer dollars pump it into Detroit and other American manufacturers.
To come up with a kind of technology which will match the technology with the the Japanese and the Asians half.
Well but the -- -- -- -- -- advantage they have over in Asia and the government about you say we've got a pump a lot more money -- exactly develop the technology you're talking about either that or we go to the -- -- downsized significantly to hit the fuel economy standards.
But the bottom line we didn't have to do it by 20/20 -- -- 26 the kind of felt.
We will -- -- that road anyway that's and that's there's no turning back we'll downsized.
That was delighted by two drive and -- a lot of cars and trucks will be there the origin cars and trucks -- will not be in the show room.
Buying the to have we start looking at 2050 Twitty said if gas is two dollars a gallon -- will.
People who want to -- he admittedly at this standards down without them you're right George -- a pleasure thanks so much for joining us.
Filter by section