How Consumers Value Fuel Economy: A Literature Review

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Are consumers willing to pay to let cars drive for them? Analyzing response to autonomous vehicles (2017, background): “21The empirical literature on how consumers value fuel cost savings is mixed and varies widely depending on method, time span, and unit of analysis (Greene, 2010).”
Car Notches: Strategic Automaker Responses to Fuel Economy Policy (2010, unknown): “See Greene (2010) and Helfand and Wolverton (2009) for recent reviews.”
Willingness-to-Pay for Alternative Fuel Vehicle Characteristics: A Stated Choice Study for Germany (2014, background): “For instance, in his review article, Greene (2010a) reports a wide bandwidth of consumers’ WTP for fuel economy improvements, with a prevalence of an undervaluation of fuel efficiency gains, which is also reflected in consumers’ requirement for short payback periods of 1.5-2.5 years for fuel-saving…”