Title: Potential Design, Implementation, and Benefits of a Feebate Program for New Passenger Vehicles in California
Abstract: Feebates are market‐based policies for encouraging emissions reductions from new passenger vehicles by levying fees on relatively high-emitting vehicles and providing rebates to lower‐emitting vehicles. Feebate policies can be used in California to achieve additional reductions in greenhouse gases from new passenger vehicles beyond those projected from emission standards alone at a net negative social cost. Different feebate program configurations could lead to greater reductions, but require tradeoffs. A California‐only feebate would lack the leverage to induce major vehicle design changes, with most of the emissions reductions coming instead from sales‐mix shifts. If national emissions standards become very stringent, feebates offer reduced incremental benefits because only relatively expensive technology will be available for adoption in response to feebates. A statewide survey indicates that consumers would support feebate programs. Modeling results suggest that new vehicle sales levels would decline under all feebate programs.
Publication Year: 2011
Publication Date: 2011-02-01
Language: en
Type: article
Access and Citation
Cited By Count: 33
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