Subsidizing low- and middle-income adoption of electric vehicles: Quasi-experimental evidence from California

• 成果类型: Article
• 署名作者: Muehlegger, Erich; Rapson, David S.
• 署名单位: University of California System; University of California Davis; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Dallas
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2022.104752
• 发表日期: 2022
• 关键词: Electric vehicles; Low-income subsidies; pass-through

摘要

Little is known about electric vehicle (EV) demand by low-and middle-income households. In this paper, we exploit a policy that provides exogenous variation in large EV subsidies targeted at the mass market in California. Using transaction-level data, we estimate three important policy parameters: the rate of sub-sidy pass-through, the impact of the subsidy on EV adoption, and the elasticity of demand for EVs among low-and middle-income households. Demand for EVs in our sample is price-elastic (-2.1) and buyers capture roughly 73 to 85 percent of the subsidy.(c) 2022 Elsevier B.V. All rights reserved.