Accidental Environmentalists? Californian Demand for Teslas and Solar Panels

Magali Delmas, Matthew Kahn and Stephen Locke

No 20754, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In the absence of a national carbon tax, household driving and electricity consumption impose social costs. Suburbanites drive more and consume more electricity than center city residents. If more suburbanites purchase electric vehicles (EV) and install solar panels, then their greenhouse gas emissions would sharply decrease. Using several data sets from California, we study the demand for electric vehicles and solar panels. We focus on the Tesla given its status as the highest quality EV. We investigate the joint distribution of the stock returns of Tesla and leading solar panel sellers to test for whether investors anticipate a complementarity in sales between these products. Finally, we use current and past vehicle quality and price data to explore trends in EV quality improvements due to industry competition between brands.

JEL-codes: Q42 Q5 Q54 R4 (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
Note: EEE PE
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Citations: View citations in EconPapers (1)

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