Today the second entry was posted by Resources for the Future (RFF) in a five-part blog series about the new CAFE standards and related energy issues: How Do Gas Prices Affect New Vehicle Sales?
Also today, a full discussion paper has posted upon which the second blog is based: Fuel Prices, New Vehicle Fuel Economy, and Implications for Attribute-Based Standards.
The new discussion paper notes that the relationship between fuel prices, consumer choices, and new vehicle fuel economy standards can change over time, and that this relationship affects the fuel use and greenhouse gas emissions reductions caused by fuel economy standards, as well as the anticipated effect of a gasoline tax or a carbon tax on new vehicle fuel economy. Evidence presented suggests that market shares respond less following a prolonged period of high fuel prices, implying slightly lower fuel savings than previously expected.
The new blog entry is authored by RFF Fellow Benjamin Leard and Senior Fellow Joshua Linn. The new discussion paper is authored by Leard, Linn, and RFF Senior Fellow Virginia McConnell.
- Read the introduction to the new blog series, Evidence for the New CAFE Standards.
- Read second blog post, out today: How Do Gas Prices Affect New Vehicle Sales?
- Read the full discussion paper upon which the second blog entry is based: Fuel Prices, New Vehicle Fuel Economy, and Implications for Attribute-Based Standards.