Emissions Standards and Electric Vehicle Targets for Passenger Vehicles

Joshua Linn
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Joshua Linn: Resources for the Future

No 23-05, RFF Working Paper Series from Resources for the Future

Abstract: This paper analyzes welfare and distributional effects of nested US policies affecting plug-in vehicles: state-level zero-emission vehicle (ZEV) standards and national fuel economy and greenhouse gas (GHG) standards for passenger vehicles. I use a computational model of the passenger vehicle market that endogenizes manufacturer choices of prices, technology, fuel economy, and horsepower and incorporates the timing of regulatory decisions and pre-existing distortions caused by market power and consumer undervaluation of fuel economy. Ignoring the influence of the 2022 ZEV standards on fuel economy and GHG standards, ZEV standards would appear to impose high costs without reducing emissions. However, accounting for such influence reveals that ZEV standards reduced GHG emissions at modest costs.

Date: 2023-03-21
New Economics Papers: this item is included in nep-des, nep-ene, nep-env and nep-tre
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