How Consumers Value Fuel Economy: A Literature Review

Fuel economy or CO2 emissions standards are a core component of government's policy strategies to address global climate change and energy security. Standards have been adopted by the United States, the European Union, Japan and China, among others. The annual costs and benefits of these standards easily amount to tens of billions of dollars. How consumers value future fuel savings in making car buying decisions has been shown to be a crucial determinant of the consequences of such standards for economic welfare. Yet surprisingly little is known about this vitally important subject. This review examines empirical evidence from 28 econometric studies that directly or indirectly estimated the value consumers place on fuel economy.


  • English

Media Info

  • Media Type: Print
  • Pagination: 79p

Subject/Index Terms

Filing Info

  • Accession Number: 01162512
  • Record Type: Publication
  • Report/Paper Numbers: EPA-420-R-10-008
  • Files: TRIS
  • Created Date: Jul 16 2010 11:36AM