Government fuel economy standards for cars and trucks have worked
- Written by James M. Sallee, Assistant Professor of Agricultural and Resource Economics, University of California, Berkeley
Customers line up to buy gasoline in San Jose, California, on March 15, 1974, during an Arab oil embargo. The crisis spurred enactment of the first U.S. vehicle fuel economy standards.APU.S. cars are twice as fuel-efficient today as they were 40 years ago. Corporate Average Fuel Economy (CAFE) standards are a major reason why.
These standards are...
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