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.
That’s like saying people will stop driving pickups if you increased the price of gas over $4 a gallon.
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
How exactly? Please elaborate