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| Srl | Item |
| 1 |
ID:
111346
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2012.
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| Summary/Abstract |
The recently amended U.S. Corporate Average Fuel Economy (CAFE) standards determine fuel-economy targets based on the footprint (wheelbase by track width) of vehicles such that larger vehicles have lower fuel-economy targets. This paper considers whether these standards create an incentive for firms to increase vehicle size by presenting an oligopolistic-equilibrium model in which automotive firms can modify vehicle dimensions, implement fuel-saving technology features, and trade off acceleration performance and fuel economy. Wide ranges of scenarios for consumer preferences are considered. Results suggest that the footprint-based CAFE standards create an incentive to increase vehicle size except when consumer preference for vehicle size is near its lower bound and preference for acceleration is near its upper bound. In all other simulations, the sales-weighted average vehicle size increases by 2-32%, undermining gains in fuel economy by 1-4 mpg (0.6-1.7 km/L). Carbon-dioxide emissions from these vehicles are 5-15% higher as a result (4.69×1011-5.17×1011 kg for one year of produced vehicles compared to 4.47×1011 kg with no size changes), which is equivalent to adding 3-10 coal-fired power plants to the electricity grid each year. Furthermore, results suggest that the incentive is larger for light trucks than for passenger cars, which could increase traffic safety risks.
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| 2 |
ID:
150640
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| Summary/Abstract |
In order to increase the attractiveness of electric vehicles (EVs), packages of policy incentives are provided in many countries. However, it is still unclear how effective different policy incentives are. Also, it is questionable that they have the same impact on different groups of people. In this study, based on a stated-choice experiment, the effect of several potential policy incentives on EV-adoption, as well as the influence of socio-psychological determinants are investigated, using constructs of the Transtheoretical Model of Change (TTM) and the Protection Motivation Theory (PMT).
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| 3 |
ID:
176117
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The Chinese government has introduced policy measures and financial incentives to promote electric vehicles (EVs) in alignment with its advanced industrial development and environmental sustainability. In order to stimulate market adoption and technological innovation, a dual-credits policy regime with strictly guided subsidies was first announced in 2017 and then tightened up in 2019 by relevant authorities of the central government. This study focuses on examining the latest development of EV policy in the Chinese mainland. It reviews the pertinent national-level policy measures and financial incentives for sustainable development of the EV industry in a macro scope over the past decade. Further, we develop a mathematical model to quantify the impact of the most update policy – the dual-credits policy regime. Our simulation results reveal a significant gap between the recent EV sales and the estimated future EV production needed under the new policy regime. Such significant gap implies remarkable policy pressure and inevitable execution challenges of the recently tightened dual-credits regime. In conclusion, we articulate strategic implications for EV market participants in China. Upcoming challenges including gradual phasing out of financial support and impending market competition are discussed.
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| 4 |
ID:
105744
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2011.
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| Summary/Abstract |
The main aim of this paper is in discussing the outcome of the government's policies aimed at promoting the wind power industry. By analyzing the policies on renewable energy and the direct and indirect support mechanisms, the author reviews the achievements, limitations and strategies faced during their various stages. This research discovered that the series of measures adopted between 2000 and 2005 including installation plans, financial incentives, feed-in tariffs, export credit subsidies and R&D, helped to initiate the early steps of private investment, and allow domestic wind capacity to see stable growth. After 2005 with more clear goals set for wind energy installed capacity policies, R&D and industrial cooperation mechanisms, there was even greater breakthrough in limited market, enabling Taiwan's fledgling wind power industry to take its first steps onto the international production chain. In particular, the passing of the Renewable Energy Development Act in 2009 incited rapid growth in the domestic market as well as driving further development in the domestic wind energy industry. Overall, in current stage there is a need to get a handle on the gap still existing between international technology and market and that in Taiwan, in order to strategically develop a competitive advantage globally.
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