If you track sales of new gas guzzlers vs economy cars over time, there is a clear correlation with the price of gas. It’s just not as effective as you might think. $4/gal isn’t the point where most people would get something more efficient. You’d probably need to get up to around $10 for there to be a significant cliff.
If you track sales of new gas guzzlers vs economy cars over time, there is a clear correlation with the price of gas. It’s just not as effective as you might think. $4/gal isn’t the point where most people would get something more efficient. You’d probably need to get up to around $10 for there to be a significant cliff.
We’ve seen in work with cigarettes too