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Has Consumer Acceptance of Electric Vehicles Been Increasing? Evidence from Microdata on Every New Vehicle Sale in the United States

Author

Listed:
  • Kenneth T. Gillingham
  • Arthur A. van Benthem
  • Stephanie Weber
  • Mohamed Ali Saafi
  • Xin He

Abstract

Electric vehicle (EV) sales have been rapidly growing around the world, spurred by technology advances and policy actions. This study leverages rich data on all individual new light-duty vehicles sold in the United States from 2014 to 2020. We examine how EV attributes, prices, and sales have evolved, exploring substantial heterogeneity across geography, vehicle class, price range, and demographics. We use a matching analysis to compare EVs to similar conventional vehicles to find that EVs have been surprisingly competitive in very recent years. This suggests that constrained supply is an important determinant of the low overall EV market share.

Suggested Citation

  • Kenneth T. Gillingham & Arthur A. van Benthem & Stephanie Weber & Mohamed Ali Saafi & Xin He, 2023. "Has Consumer Acceptance of Electric Vehicles Been Increasing? Evidence from Microdata on Every New Vehicle Sale in the United States," AEA Papers and Proceedings, American Economic Association, vol. 113, pages 329-335, May.
    • Handle: RePEc:aea:apandp:v:113:y:2023:p:329-35
    DOI: 10.1257/pandp.20231065
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    Citations

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    Cited by:

    1. Scott A. Brave & Thomas H. Klier & Leslie McGranahan, 2023. "Charged and Almost Ready—What Is Holding Back the Resale Market for Battery Electric Vehicles?," Working Paper Series WP 2023-35, Federal Reserve Bank of Chicago.
    2. Mekky, Maher F. & Collins, Alan R., 2024. "The Impact of state policies on electric vehicle adoption -A panel data analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    3. Megan R. Bailey & David P. Brown & Erica Myers & Blake C. Shaffer & Frank A. Wolak, 2024. "Electric Vehicles and the Energy Transition: Unintended Consequences of a Common Retail Rate Design," NBER Working Papers 32886, National Bureau of Economic Research, Inc.
    4. Yuan Chen & Seok Swoo Cho, 2024. "Exploring Electric Vehicle Patent Trends through Technology Life Cycle and Social Network Analysis," Sustainability, MDPI, vol. 16(17), pages 1-27, September.
    5. Zhaoxin Liu & Erik Ansink, 2024. "Price elasticities of meat, fish and plant-based meat substitutes: evidence from store-level Dutch supermarket scanner data," Tinbergen Institute Discussion Papers 24-046/VIII, Tinbergen Institute.

    More about this item

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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