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White Paper on Estimating the Benefits of Fuel Economy Information

Dr. David Greene and Dr. Jilleah Welch have released a report sponsored by Oak Ridge National Laboratory, and titled Estimating the Benefits of Fuel Economy Information: An Analysis, Update and Recommendations for Enhancing ORNL’s Methodology.  The report reviews the methods and data used by the Department of Energy and Oak Ridge National Laboratory to estimate the benefits of the Fuel Economy Information Program.  The authors find that the model produces reasonable and robust impacts on fuel, oil consumption, and greenhouse gas emissions, and estimated benefits greatly exceed costs despite conservative assumptions.  The authors update data inputs, conduct a sensitivity analysis, and provide some suggestions that may reduce the uncertainty of parameters and produce more accurate and robust estimated impacts.  WhitePaper1-2017

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