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The US Corporate Average Fuel Economy (CAFE) standards regulate the fleet fuel economy of automakers that manufacture and sell automobiles in the US. CAFE standards will increase by 24% (for the passenger car fleet) – 35% (for the light-truck fleet) over the period 2011–2025 leading to a renewed interest in the role that advanced technologies will play in enabling CAFE compliance. This study compares...
Motor vehicles represent one of the widely owned assets in the US. A vehicle’s ownership cost includes fixed expenses to purchase and own the vehicle and variable costs to use and operate the vehicle. Policymakers, analysts and consumers are interested in understanding the total ownership costs of various vehicle types and technologies so as to understand their relative consumer preference and valuation...
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