Incentives for Plug-in Electric Vehicles Are Becoming More Important Over Time for Consumers

Alan Jenn, Scott Hardman, Jae Hyun Lee and Gil Tal

Institute of Transportation Studies, Working Paper Series from Institute of Transportation Studies, UC Davis

Abstract: Federal and state governments are offering incentives to those who purchase or lease plug-in electric vehicles (PEVs), which include both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Policymakers are beginning to consider the phase-out of these incentives and how a phase-out might impact PEV market growth. This brief highlights new research on the importance of incentives to consumers over time, based on survey data from 14,000 PEV-owning households in California between2010 and 2017, collected and analyzed by the Plug-in Hybrid & Electric Vehicle Research Center at UC Davis. The PEV incentives included as part of this research are those currently available to Californian consumers: high occupancy vehicle (HOV) lane access; the US federal tax credit, which offers up to $7,500 to PEV buyers; and the California Clean Vehicle Rebate Project (CVRP), which offers $1,500 for a PHEV, $2,500 for a BEV, and an additional $2,000 for low-income consumers

Keywords: Social; and; Behavioral; Sciences (search for similar items in EconPapers)
Date: 2019-10-01
New Economics Papers: this item is included in nep-ene, nep-reg and nep-tre
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