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Climate change due to greenhouse gas emissions has led to new vehicle emissions standards which in turn have led to a call for vehicle technologies to meet these standards. Modeling of vehicle fuel consumption and emissions emerged as an effective tool to help in developing and assessing such technologies, to help in predicting aggregate vehicle fuel consumption and emissions, and to complement traffic simulation models. The paper identifies the current state of the art on vehicle fuel consumption and emissions modeling and its utilization to test the environmental impact of the Intelligent Transportation Systems (ITS)’ measures and to evaluate transportation network improvements. The study presents the relevant models to ITS in the key classifications of models in this research area. It demonstrates that the trends of vehicle fuel consumption and emissions provided by current models generally do satisfactorily replicate field data trends.