Policies for Electrifying the Light-Duty Vehicle Fleet in the United States

Cassandra Cole, Michael Droste, Christopher Knittel, Shanjun Li and James H. Stock

AEA Papers and Proceedings, 2023, vol. 113, 316-22

Abstract: Decarbonization of light-duty vehicles (LDVs) in the United States is an important policy priority. We investigate the roles of the Infrastructure Investment and Jobs Act and the Inflation Reduction Act in accelerating the transition of LDVs to electric vehicles. We additionally consider alternate allocations of government funds for subsidized construction of charging stations and refundable tax credits for electric vehicles. We find that charging station subsidies are extremely effective as measured by impact for a given fiscal expenditure. All of the policies we consider have estimated costs below the most recent estimate of the social cost of carbon.

JEL-codes: D12 H25 H54 L62 L94 Q54 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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DOI: 10.1257/pandp.20231063

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