“Gas prices are the lowest in the U.S. in over ten years!” Trump tweeted Tuesday. “I would like to see them go even lower.”
AAA said Monday that the national average of $2.23 per gallon was the cheapest gas has been all year. The last time gas prices were this low on Independence Day was 2005.
At the same time there is a push for electric cars. Take Volvo for example, they plan to completely make the internal combustion engine obsolete by 2019.
Volvo is the first major auto maker to abandon the technology that has powered the industry for more than a century. Hakan Samuelsson, president and chief executive of Volvo Cars, said the move “marks the end of the solely combustion engine-powered car,” reiterating his target of selling one million electric cars and hybrids by 2025. “When we said it, we meant it. This is how we are going to do it.”
Industry analysts estimate that rising costs of developing combustion engines that meet ever-stricter emissions regulations could make some electric models more affordable as soon as 2025.
Regulations? As in the Big Brother implementing more rules and laws to follow?
