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Gasoline Prices, Government Support, and the Demand for Hybrid Vehicles in the U.S.

dc.contributor.author Beresteanu, Arie
dc.contributor.author Li, Shanjun
dc.date.accessioned 2010-03-09T15:41:33Z
dc.date.available 2010-03-09T15:41:33Z
dc.date.issued 2009
dc.identifier.uri https://hdl.handle.net/10161/2023
dc.description.abstract the determinants in the demand for hybrid vehicles and examine government programs that aim to promote the adoption of these vehicles. We find that hybrid vehicle sales in 2006 would have been 37 percent lower had gasoline prices stayed at the 1999 levels while the effect of the federal income tax credit program is estimated at 20 percent in 2006. Our results suggest that under the income tax credit 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 adopting a flat rebate scheme.
dc.format.extent 240427 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher SSRN eLibrary
dc.subject demand estimation
dc.subject gasoline prices
dc.title Gasoline Prices, Government Support, and the Demand for Hybrid Vehicles in the U.S.
dc.type Journal article


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