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Autonomous, Connected, Electric Shared vehicles (ACES) and public finance: an explorative analysis

Martin Adler (), Stefanie Peer () and Tanja Sinozic ()
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Martin Adler: VU University; AtAdlerAdvisory, The Netherlands
Tanja Sinozic: Institute of Technology Assessment (ITA), Austrian Academy of Sciences (OEAW)

No 19-005/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper discusses the implications of autonomous-connected-electric-shared vehicles (ACES) for public finance, which have so far been widely ignored. In OECD countries, 5-12% of federal and up to 30% of local tax revenue are currently from fuel and vehicle taxation. The diffusion of ACES will likely reduce these important sources of government revenues, while also affecting transport-related government expenditures. We argue that the realization of socioeconomic benefits of ACES depends on the implementation of tailored public finance policies. In particular, the introduction of road tolls in line with ‘user pays’ and ‘polluter pays’ principles will become more attractive. Moreover, innovation in taxation schemes to fit the changing technological circumstances may alter the (relative) importance of levels of governance in transport policy making, likely shifting power towards local (in particular urban) governmental levels. We finally argue that due to path-dependencies, and the risk of lock-in effects in sub-optimal public finance regimes, further research and near-term policy action regarding ACES is required.

Keywords: autonomous connected electric shared vehicles; public finance; taxation; fiscal revenues; fiscal expenditures,disruptive technologies; path-dependency; technological transition; political economy; multilevel-governance (search for similar items in EconPapers)
JEL-codes: R40 R50 H21 H23 H54 H71 O18 O33 (search for similar items in EconPapers)
Date: 2019-01-27
New Economics Papers: this item is included in nep-ene, nep-reg, nep-tre and nep-ure
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