Arbeitspapier

Environmental, Redistributive and Revenue Effects of Policies Promoting Fuel Efficient and Electric Vehicles

We analyze welfare implications of policies promoting environmentally friendly vehicles employing rich Swiss micro-data on 23,000 newly purchased cars and their buyers. Our estimates reveal substantial income heterogeneity in price elasticity and electric vehicle (EV) adoption. While CO2 levies secure road financing revenue, emissions of the new car fleet only slightly decrease. In contrast, subsidies support EV uptake, and lead to a more pronounced emission reduction. Both instruments have redistributive implications. We compute optimal subsidy - fuel tax combinations subject to a pre-specified EV target and to securing road financing in the presence or absence of equity concerns.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 9645

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Consumer Economics: Empirical Analysis
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Automobiles; Other Transportation Equipment; Related Parts and Equipment
Energy: Government Policy
Thema
electric vehicles
mixed logit
welfare
fuel tax
subsidies
CO2 emissions

Ereignis
Geistige Schöpfung
(wer)
Bigler, Patrick
Radulescu, Doina Maria
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bigler, Patrick
  • Radulescu, Doina Maria
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2022

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