Electric vehicle incentives: Reconciling private and social costs and benefits
Date
2020-08
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Abstract
Canada is looking to reduce its emissions by targeting the transportation sector. While there are a number of policies to reflect this, one in particular seeks to impact individual’s private decision to transition their passenger vehicles from internal combustion engine vehicles to the more environmentally beneficial battery electric vehicles. Results indicate that the current federal grant incentive program for electric vehicles plays a significant effect in the costs of investing in passenger BEVs and ICEVs. These costs are evaluated through net present value equations that reflect private costs, as well as incorporate the social cost of carbon. Furthermore, an inventory of the current policies in comparison to other countries provide further indication of where Canada needs to pivot in terms of policy to reach their current targets.
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Citation
Goddard, K. (2020). Electric vehicle incentives: Reconciling private and social costs and benefits (Unpublished master's project). University of Calgary, Calgary, AB.