Replication Data for: Vehicle Attribute Tradeoffs and the Distributional Effects of US Fuel Economy and Greenhouse Gas Emissions Standards

This paper presents welfare and distributional effects of US fuel economy and greenhouse gas standards between 2012 and 2022. We build an equilibrium model that includes fixed and variable costs of raising fuel economy, manufacturer substitution between fuel economy and performance, and heterogeneous consumer preferences and manufacturer costs. We find that the standards have increased social welfare and that consumer undervaluation of fuel cost savings accounts for most of the social benefits. Manufacturers achieve most fuel economy improvements by trading off horsepower. Due to this compliance strategy, the standards have been progressive because high-income households value horsepower much more.