NTL-HIGHWAY/ROAD TRANSPORTATION-HIGHWAY/ROAD TRANSPORTATION;NTL-ENERGY AND ENVIRONMENT-ENERGY AND ENVIRONMENT;NTL-ENERGY AND ENVIRONMENT-Alternative Fuels;NTL-ECONOMICS AND FINANCE-Economic Impacts;
Abstract:
The 1975 Energy Policy and Conservation Act established mandatory fuel economy standards for passenger cars and light trucks sold in the U.S. Since that time the Corporate Average Fuel Economy (CAFE) standards have often been criticized as costly, inefficient, and even unsafe, despite the general absence of direct empirical evidence to support such claims. This paper explains why properly designed and executed fuel economy regulations may be preferable to other policies for reducing petroleum dependence and carbon emissions, and reviews empirical evidence on the impacts of the CAFE standards. It appears that the standards substantially achieved their objective without producing significant negative side-effects because they were set at levels that could be achieved by cost-effective or nearly cost-effective technological innovations.
The Federal Highway Administration (FHWA) is participating in an Organization for Economic Cooperation and Development (OECD) research effort to compi...
Abstract from author: This report outlines the key provisions of the CARS program, discusses the initial impact of the program and some of the concern...
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United States Department of Transportation
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