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Impact Analysis of Diffusion of Electric Vehicles in Denmark

Herynkova, Hana (2009)
Department of Economic History
Abstract
This paper undertakes an impact analysis of a nation-wide diffusion of electric vehicles (EVs) at three different levels. It analyses the socio-economic costs and benefits faced by the Danish public, by comparing the environmental benefits, expressed in monetary value, with costs associated with reduced tax revenues. The paper looks to the year 2020, calculating the immediate societal costs/benefits occurring in this one point in time. The analysis shows that from a pure financial perspective EVs are not socially profitable as their reduction in environmental costs is by far offset by the decrease in tax revenues. The general assumption therefore is that this form of mitigation policy is growth restricting as the diffusion of EVs is... (More)
This paper undertakes an impact analysis of a nation-wide diffusion of electric vehicles (EVs) at three different levels. It analyses the socio-economic costs and benefits faced by the Danish public, by comparing the environmental benefits, expressed in monetary value, with costs associated with reduced tax revenues. The paper looks to the year 2020, calculating the immediate societal costs/benefits occurring in this one point in time. The analysis shows that from a pure financial perspective EVs are not socially profitable as their reduction in environmental costs is by far offset by the decrease in tax revenues. The general assumption therefore is that this form of mitigation policy is growth restricting as the diffusion of EVs is accompanied by immediate high costs to the Danish Government. Nevertheless, one can argue that this growth restriction is only a short-term phenomenon, likely to be outweighed by other benefits in the long-term; benefits such as increased sector efficiency, spillover effects and increase in productivity growth in general. (Less)
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author
Herynkova, Hana
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
Electric vehicles, social costs/benefits, induced technological change, Social and economic history, Ekonomisk och social historia
language
English
id
1474757
date added to LUP
2009-06-15 00:00:00
date last changed
2010-08-03 10:52:32
@misc{1474757,
  abstract     = {This paper undertakes an impact analysis of a nation-wide diffusion of electric vehicles (EVs) at three different levels. It analyses the socio-economic costs and benefits faced by the Danish public, by comparing the environmental benefits, expressed in monetary value, with costs associated with reduced tax revenues. The paper looks to the year 2020, calculating the immediate societal costs/benefits occurring in this one point in time. The analysis shows that from a pure financial perspective EVs are not socially profitable as their reduction in environmental costs is by far offset by the decrease in tax revenues. The general assumption therefore is that this form of mitigation policy is growth restricting as the diffusion of EVs is accompanied by immediate high costs to the Danish Government. Nevertheless, one can argue that this growth restriction is only a short-term phenomenon, likely to be outweighed by other benefits in the long-term; benefits such as increased sector efficiency, spillover effects and increase in productivity growth in general.},
  author       = {Herynkova, Hana},
  keyword      = {Electric vehicles,social costs/benefits,induced technological change,Social and economic history,Ekonomisk och social historia},
  language     = {eng},
  note         = {Student Paper},
  title        = {Impact Analysis of Diffusion of Electric Vehicles in Denmark},
  year         = {2009},
}