Assessing Effectiveness of Financing Subsidies on Clean Vehicle Adoption by Low- and Moderate-Income Consumers

Details

• Creators:
  Pierce, Gregory ; DeShazo, J. R ; Coffee, Daniel ; Sheldon, Tamara
• Corporate Creators:
  METRANS Transportation Center (Calif.) ; University of Southern California, Los Angeles ; Pacific Southwest Region 9 UTC, University of Southern California ; University of California, Los Angeles
• Corporate Contributors:
  United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology ; United States. Department of Transportation. University Transportation Centers (UTC) Program
• Subject/TRT Terms:
  • Consumer preferences
  • Electric vehicles
  • Low income groups
  • Subsidies
  • Surveys
  • Equity (Justice)
  • Greenhouse gases Incentive policy
  • Transportation equity
• Publication/ Report Number:
  PSR-19-61
• Resource Type:
  Tech Report
• Geographical Coverage:
  California;United States
• Edition:
  Final report (April 15, 2020- June 30, 2021)
• Corporate Publisher:
  Pacific Southwest Region University Transportation Center (UTC)
• Abstract:
  Clean vehicle adoption is an integral part of strategies in California and other jurisdictions to decarbonize transportation and mitigate climate change via reducing greenhouse gas emissions. However, cost barriers have thus far largely limited adoption of these technologies to more affluent households. Although California has instituted subsidy-based programs to reduce the effective cost of clean vehicles, financing policies and the performance of clean vehicle adoption incentives among low-moderate income households have been historically understudied. In their 2021 study, Sheldon, DeShazo, & Pierce use choice experiment data to create a conditional logit model of low-moderate income consumer vehicle preferences, which they then use to predict the performance of five different policy scenarios with respect to clean vehicle adoption among this demographic. Their results suggest that financing policies are significantly more cost-effective than subsidies at promoting clean vehicle adoption by low-moderate income households in California.
• Format:
  PDF
• Funding:
  69A3551747109 Caltrans 65A0674, TO-030
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/58492/dot_58492_DS1.pdf
• File Type:
  [PDF - 767.34 KB]
• Collection(s):
  Transportation Resilience and Vulnerability Collection ; University Transportation Centers
• Main Document Checksum:
  urn:sha-512:52f4b374c7687022093795755d48558d5f5fc0e7fcd6f513a7e5202089a3f14af67ff4f89e1c7f06f6248406178924791a71a311398a939f2da3f74f80a86dfa