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GASOLINE PRICES, GOVERNMENT SUPPORT, AND THE DEMAND FOR HYBRID VEHICLES IN THE UNITED STATES*: hybrid vehicle demand
Abstract
We analyze the determinants of hybrid vehicle demand, focusing on gasoline prices and income tax incentives. We find that hybrid vehicle sales in 2006 would have been 37% lower had gasoline prices stayed at the 1999 levels, and the effect of the federal income tax credit program is estimated at 20% in 2006. Under the program, the cost of reducing gasoline consumption was $75 per barrel in government revenue and that of CO2 emission reduction was $177 per ton. We show that the cost effectiveness of federal tax programs can be improved by a flat rebate scheme.
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Cites
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Cited by
Commercialization of Lithium Battery Technologies for Electric Vehicles
Zeng, X., Li, M., Abd El‐Hady, D., Alshitari, W., Al‐Bogami, A. S., Lu, J., & Amine, K. (2019) · Advanced Energy Materials · doi:10.1002/aenm.201900161 · Cited by 1,542
The influence of financial incentives and other socio-economic factors on electric vehicle adoption
Sierzchula, W., Bakker, S., Maat, K., & van Wee, B. (2014) · Energy Policy · doi:10.1016/j.enpol.2014.01.043 · Cited by 1,457
Gasoline prices, fuel economy, and the energy paradox
Allcott, H., & Wozny, N. (2014) · Review of Economics and Statistics · doi:10.1162/rest_a_00419 · Cited by 504
Bockarjova, M., & Steg, L. (2014) · Global Environmental Change · doi:10.1016/j.gloenvcha.2014.06.010 · Cited by 401
Providing the Spark: Impact of financial incentives on battery electric vehicle adoption
Clinton, B. C., & Steinberg, D. C. (2019) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2019.102255 · Cited by 201
Metadata
- Authors
- Beresteanu, A., & Li, S.
- Venue
- International Economic Review
- Publisher
- Wiley
- Published
- 2011-02
- Volume
- 52
- Issue
- 1
- Pages
- 161-182
- ISSN
- 0020-6598 (ISSN-L)
- OpenAlex
- W1909095509
- Cited by
- 289
- References
- 20
- FWCI
- 6.17
- Type
- journal article
- Language
- en
- Open access
- closed
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- Beresteanu, A., & Li, S. (2011). GASOLINE PRICES, GOVERNMENT SUPPORT, AND THE DEMAND FOR HYBRID VEHICLES IN THE UNITED STATES*: hybrid vehicle demand. International Economic Review. https://doi.org/10.1111/j.1468-2354.2010.00623.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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