The reality is that more fuel efficient vehicles are lighter, cheaper to produce (enabling more competition, as you won't need an absolutely massive industrial plant to make one), less capable of fashion statements (since good designs will converge on the one form as form follows function) and for the same profit margin, generate less profit. It's Detroit's way of saying "We see where this is going, our shareholders won't be happy if we aim to become the next Kawasaki or Suzuki, and neither will my salary as CEO etc".
Where this is going ultimately is velomobiles for regular transport, powered velomobiles capable of reaching 80kph or so with a carbon neutral kind of fuel like biodiesel, with probably a hybrid drivetrain. For carting heavy items, trains and ships for long haul, perhaps streamlined hybrid trucks for the short haul.
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"Every body perseveres in its state of being at rest or of moving uniformly straight forward, except insofar as it is compelled to change its state by force impressed." - Isaac Newton
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