Gavin Newsom on His Emissions Restrictions: ‘I’m a Free Market Guy’

‘The cost of fuel will more than offset any cost associated with improving technology’

EXCERPT:

NEWSOM: “I'm a free market guy. Why do these company voluntarily agree? Because they know it’s where the consumer's going and they recognize the fuel efficiency is the differentiator; the cost of fuel will more than offset any cost associated with improving technology. But the improved technology is also a competitive advantage in terms of your market share and your ability to compete for consumers that are looking for the latest technology and efficiency and experience. So that’s the most specious argument of the lot, and particularly at a time when oil hit yesterday $62.10. I did not check the price of crude this morning."

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