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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Alternative Transport Fuels: Adoption of Electric Vehicles Location: B133 Session Chair: Jihoon Choi, George Mason University | |
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Does Age-targeted Extra EV Subsidy Attract Young Adults? Evidence from Korea Schar School of Policy and Government, George Mason University, United States of America This paper examines whether an additional EV subsidy for young adults increases EV adoption. Using Korea’s 2025 reform that provided eligible young adults with an extra 20% of the national subsidy, this study employs a triple differences design with panel data by age group, region, fuel type, and month. The results indicate that the policy increased expected EV registrations among young adults by about 74.5% relative to older cohorts, alongside a significant decline in non-EV registrations, consistent with substitution toward EVs. Given a pre-policy mean of 1.06 monthly EV registrations for the treated group, the implied absolute change is modest and suggests an extensive-margin response. Effects are larger in low- and middle- income regions than in high-income regions, consistent with stronger responsiveness where affordability constraints are more salient. These intent-to-treat estimates reveal age-based heterogeneity in EV adoption and suggest that targeted subsidy designs can improve the effectiveness and fiscal efficiency of EV promotion policies across a wide range of policy environments. | |