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White 3 (1:45)
Topic(s): Auto Industry / Car Culture / Efficiency / Future
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Video Transcript
If you look anywhere in the world, not just the United States,
you look anywhere in the world, people will buy the most
horsepower they can afford. I mean, you know, there's
something kind of primal and elemental about having a powerful
machine at your beck and call and at your command. The car
companies know this; they're selling emotion. Look, if we just
needed an appliance to get from A to B, we'd all be driving
around in Toyota Corollas—used ones, by the way, not
new, because used is ever so much more economical. And that's
not what we do. Why? Because we can. And because this is how
the industry makes money.
And you know what? It's everybody. It's not just General
Motors, it's not just Ford. They all do this. Toyota, they all
sell power, they all sell prestige, they all sell size, they
all sell high tech. The question that, I think, over time, if
there's going to be a serious discussion about the impact of
this on the global environment, is whether the car companies
can shift from selling horsepower as a proxy for technology
and technological superiority, and start selling high fuel
economy or super clean emissions.
Starting, we're starting to see that. Your- I think Honda and
Toyota, again, I think have led because it's kind of
consistent with their corporate image. GM is trying to do
that. I think a lot of what they say about trying to develop a
plug-in hybrid is aimed at kind of repositioning themselves in
people's minds. I think you'll see all the car companies do
this. The question is whether sort of the big center of the
American market is going to change without a somewhat more
radical input like a big gas tax or much stricter government
regulation that essentially drives the market toward a more
fuel efficient set of solutions.