The Electric Vehicle Transition and the Economics of Banning Gasoline Vehicles
| العنوان: | The Electric Vehicle Transition and the Economics of Banning Gasoline Vehicles |
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| المؤلفون: | Erin T. Mansur, Andrew J. Yates, Stephen P. Holland |
| المصدر: | American Economic Journal: Economic Policy. 13:316-344 |
| بيانات النشر: | American Economic Association, 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | business.product_category, 010504 meteorology & atmospheric sciences, 05 social sciences, Subsidy, 01 natural sciences, Electricity generation, 0502 economics and business, Electric vehicle, Economics, Deadweight loss, Production quota, 050207 economics, Gasoline, business, Inefficiency, General Economics, Econometrics and Finance, Industrial organization, Externality, 0105 earth and related environmental sciences |
| الوصف: | Electric vehicles have a unique potential to transform personal transportation. We analyze the transition to electric vehicles with a dynamic model that captures the falling costs of producing electric vehicles, the decreasing pollution from electricity generation, the increasing substitutability of electric for gasoline vehicles, and the durability of the vehicle stock. Due to the external costs from pollution, inefficiencies under business as usual result from the mix of vehicles as well as the transition timing, the severity of which depends on substitutability. We calibrate the model to the US market and find the magnitude of the inefficiency is rather modest: less than 5 percent of total external costs. The optimal purchase subsidy for electric vehicles and the optimal ban on the production of gasoline vehicles both give about the same efficiency improvement, but the latter leads to a sharp increase in gasoline vehicle production just before the ban. Phasing out gasoline vehicles with a bankable production quota reduces deadweight loss substantially more than the other policies, but may lead to a very large deadweight loss if set incorrectly. |
| تدمد: | 1945-774X 1945-7731 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_________::fceec0bfe548936126ba2c61fdcf4b72 https://doi.org/10.1257/pol.20200120 |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi...........fceec0bfe548936126ba2c61fdcf4b72 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 1945774X 19457731 |
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