This article aims to explore the stability, energy consumption and CO2 emissions of a novel discrete car-following model with time delay. Under the assumption that the preceding two successive vehicles can realize the communication through V2V (Vehicle to Vehicle) communication environment. Moreover, the time-delayed average optimal velocity difference control scheme is also considered. Based on the proposed discrete car-following model, error dynamical system is formulated and asymptotic stability is developed. The sufficient condition for the time-delayed average optimal velocity difference control scheme of the discrete car-following model with time delay is obtained, the asymptotic stability is ensured. In addition, numerical simulations are constructed and further illustrated the cooperative driving by V2V communication can improve stability, reduce energy consumption and CO2 emissions of traffic system. Moreover, the time-delayed average optimal velocity control scheme is also conductive to improve stability, reduce energy consumption and CO2 emissions of traffic system.