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it wasn't gonna be enough...for companies to average 54.5 MPG by 2020, hybrid & EV sales would've had to of been at least 20-30% of all vehicles sales, and V8 cars would've been scrapped or downsized with smaller less powerful engines. once gas got dumb cheap there was absolutely no way anyone was gonna buy expensive fuel sipping hybrids when more affordable bigger power cars & trucks are right there to be had. Customers voted with their wallets. u can't make people buy things they don't want.
Obama Administration rushed da midterm view of 2017 1 year early to spite da process...
When gas prices was approaching $5 dollars people were dumping V8's like they were going out of style.
Prices dropped because of the recession. Demand for oil fell off cliff.