22-Sep-2021 | Market Research Store
The team from the University of Maryland has published a whitepaper that aims to pertain a strong link between consumers buying less fuel effective vehicles after their second car for an eco-friendly vehicle. The study recommends that 57% reduction of benefits of the consumers’ fuel effective vehicle is based on the purchase of the latter’s second vehicle. The findings published by the research team is expected to note major implications for designing a major carbon mitigation model that isn’t based on accounting consumers that possess multiple vehicles. The team wanted to find a strong link between households who own multiple vehicles and household who own a single vehicle.
When household purchase increases so does the vehicle purchase. Thus, the energy policy encourages the production of more fuel efficient cars; however, every separate car purchase doesn’t rely on any other factors. Other vehicles and priorities that are based on these forms of purchase and the intended after use of such vehicles are extremely pivotal for understanding how effective any countries energy policies are modelled, as the team notes. The data scrapped and analyzed by the research team indicates that an overall fuel efficiency measures to drop compared with economic rise in fuel prices.
The trend runs parallel with a “diet soda effect” – where people that buy huge quantities of diet soda tend to reward themselves by adding a supplementary form of meal to their diet. However, the research team notes that such behavior is extremely rare to occur during purchasing car as the price difference between the latter and the former is extremely huge. While it is likely that fuel economy can be sprung in the same manner when being compared to buying French Fries to your diet soda. The team notes that while a larger sense of people are expected to buy more fuel efficient cars down the near future, the car they purchase is expected to be less fuel-efficient in nature.
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https://www.marketresearchstore.com/market-insights/fuel-oil-market-828629