When businesses indulge in price fixing, Neelie Kroes and her team spring into action. They take legal action to prevent consumers being price gouged, because thats what the EU is for. Its all about protecting consumers from greedy businessmen. But who is to protect consumers from rapacious regulators?
After weeks of wrangling, bureaucrats in Brussels will today announce limits on the amount of carbon dioxide new vehicles can emit. An EU-commissioned report claims the proposals could add an average of £2,500 to the price of a car. But motor manufacturers claim the cost could be as high as £3,300.The difference is hardly worth arguing about, you will be screwed either way, and for what? For the sole purpose of giving more power to Brussels (using global warming as an excuse).
These new regulations effectively mean that the EU has chosen hybrids as the solution. As with all government technology choices, it will inevitably be shown later to be the wrong choice. Cutting net carbon emissions could be achieved with biofuels (green even in a 6 litre Ferrari), increased use of public transport (irrespective of what people are driving), including petrol indirectly in emissions trading would offer cheaper ways of overall cuts.
But no. Brussels knows best, and you poor serfs will just have to pay through the nose for your next car.