We now have V8 engines that get 25 mpg like my wifes Lincoln Town Car when thirty years ago that same size engine / car got about 8-9 mpg.
That is about 3 times the gas mileage of thirty years ago with much more reliability, comfort, ease of maintenance, etc.
Yes, but it is all with the same fuel technology that I could run a Model T off of. I don't think that it is a stretch to consider that since this is perhaps the single most profitable industry in the world, and entire economies are constructed on it, there may be a vigilant desire to keep that part the status quo.
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