Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Air Pollution 1 Location: B005 Session Chair: Yujie Lin, Tianjin University | |
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Designing Policy Incentives for Electric Vehicle Adoption: The Case of China's Vehicle License Allocations Tianjin University, China, People's Republic of To address congestion and air pollution, many megacities in China use lotteries and auctions to allocate vehicle licenses, making people wait several years for a license. Recently, to promote electric vehicles (EVs), some cities introduced a separate system for EV licenses with significantly shorter expected wait times. This paper estimates a structural model to quantify the impact of giving preferential treatment to EVs in the vehicle license allocation and its welfare effects. The implicit cost of waiting for a vehicle license is estimated to be about 10 percent of the vehicle price. The shorter wait times for EV licenses have led to a considerable increase in EV sales. Moreover, vehicle ownership restrictions engendered a consumer welfare loss of 26-52 billion Yuan in Beijing and Shanghai from 2013 to 2017, of which about 10 percent was due to the waiting cost. However, vehicle ownership restrictions also reduced automobile externalities, offsetting more than 80 percent of the consumer welfare loss. | |