COMPANIES Higher taxes to push the price of petrol up by more than 70 per cent are needed to change Americans’ car-buying habits and usher in a new generation of fuel-efficient vehicles, according to Bill Ford, chairman of Ford Motor.
His comments, made during an interview with the Financial Times, come as the Obama administration faces mounting political and business-group resistance to its own, less radical plan to tackle greenhouse gas emissions using a cap-and-trade system.
