Generate: Cars, cars, cars
View on Axios website"Efficiency: A new Resources For the Future paper concludes that vehicle buyers undervalue the monetary benefits of increased efficiency while placing "high valuation" on performance, which matters because horsepower growth of new vehicles has slowed as efficiency standards have tightened.
'The value of the fuel savings roughly equals the cost of forgone performance improvements to consumers, suggesting roughly zero net private benefits to consumers,' a summary of the research notes.
Looking forward: 'Future research could attempt to determine the cause of undervaluation and identify appropriate policies to correct market failures,' the paper states."
