Are Green Vehicles Worth the Extra Cost? The Case of Diesel‐Electric Hybrid Technology for Urban Delivery Vehicles
Bibliographic Data
| ID | 11682177 |
|---|---|
| Authors | Kerry Krutilla (corresponding author), John D Graham (0009-0007-4207-5800) |
| Year | 2012 |
| Volume | 31 |
| Issue | 3 |
| Pages | 501-532 |
| Publication date | 2012-05-16 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Policy Analysis and Management (JOURNAL) |
| Journal identifiers | ISSN: 0276-8739 • E-ISSN: 1520-6688 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/pam.21641 |
| OpenAlex | W1903100048 |
| Language | EN |
| Citations received | 2 |
| References cited | 21 |
A central question for environmental policy is whether the long‐term benefits of energy‐saving technologies are sufficient to justify their short‐term costs, and if so, whether financial incentives are needed to stimulate adoption. The fiscal effects of incentivizing new technologies, and the revenue effects of using the technology, are also policy relevant, given current fiscal constraints. This study evaluates the economic and fiscal effects of promoting diesel‐electric hybrid technology in urban delivery vehicles, an application supported by U . S . policymakers. An economic model is used to simulate the conditional probability density functions of the net present values ( NPV s) of diesel electric hybrids annually from 2012 to 2030. The NPV time paths, which reflect fuel price, environmental, and technology trends, show the expected dates that hybrids become economically viable, and allow an evaluation of the net benefits of hybrid technology as an investment over the entire simulation horizon. The NPV distributions are computed for five stakeholder classes, including transportation firms, parties benefiting from reduced externality damages, state and local governments, and the larger society. The analysis shows that hybrid technology investment does not appear to be justified from a societal perspective at a 7 percent discount rate, but the probability for positive net returns increases substantially at a 3 percent rate
Business · Economics · Environmental economics · Externality · Incentive · Investment (military · Microeconomics · Natural resource economics · Net present value · Production (economics · Public economics · Renewable energy · Revenue · Climate Change Policy and Economics · Electric Vehicles and Infrastructure · Energy, Environment, and Transportation Policies · Engineering · Finance
Corporate Environmentalism and Public Policy
The Economics of Climate Change
The General Theory of Second Best
A Review of the Stern Review on the Economics of Climate Change
Instrument Choice in Environmental Policy
The marginal damage costs of carbon dioxide emissions
On Modeling and Interpreting the Economics of Catastrophic Climate Change
Refunded emission payments theory, distribution of costs, and Swedish experience of NOx abatement
Appropriate Discounting for Benefit-Cost Analysis
Just give me a number!” Practical values for the social discount rate
Using the Kaldor‐Hicks tableau format for cost‐benefit analysis and policy evaluation
Social Cost of Environmental Quality Regulations
| Unique citing works | 2 |
|---|---|
| Citations per year | 0.4 |
| Citation span | 2021 - 2021 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |