"The reason the U.S. lags so badly is that we have obsolete rules that favor big over small, supply over efficiency, and incumbents over new market entrants."

Previous Quote

In 1975, Congress passed a law requiring fuel efficiency standards to double over 10 years, with incremental targets that auto manufacturers were required to meet. That was the responsible approach, and it worked. But since 1985, we've done nothing - even as technology has moved at light speed.

— Michael Bloomberg