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The VW Scandal and Evolving Emissions Regulations
Abstract: In September 2015, Volkswagen (VW) admitted to having programmed nearly 11 million of its diesel vehicles to cheat on tailpipe emissions tests. To put VW?s emissions rigging into a broader context, the authors review the different approaches that the U.S. and Europe have historically taken in regulating automotive emissions and fuel economy. Moreover, they discuss the scandal?s implications for regulatory changes in both regions.
Keywords: fuel consumption; diesel; Automobiles;
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Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2016
Order Number: 357