“Minus 1” and Energy Costs Constants: Sectorial Implications

Figure 8

Relationship between personal transport energy costs shares and share of income spent on new motor vehicles in the US (1959-2017). Source: calculated based on BEA [14].

(a) Deviations from trend for ECS_per-tr and share of income spent on new motor vehicles

(b) “Wing” function: share of income spent on new motor vehicles (SHMV_-trend) as a function of ECS_per-tr (deviations from trends)