Link to the full paper --> sciencedirect.com/science/arti...
#EconSky
Link to the full paper --> sciencedirect.com/science/arti...
#EconSky
🚖➡️♻️ Market competition causally drives green vehicle adoption!
We show this conclusion is robust to a *gazillions* of robustness checks (see Appendix C)
Estimates on the implications in terms of CO2 are provided in Section 4.4 (see also pic below)
🚖➡️♻️ Market competition causally drives green vehicle adoption!
We show this conclusion is robust to a *gazillions* of robustness checks (see Appendix C)
Estimates on the implications in terms of CO2 are provided in Section 4.4 (see also pic below)
❌ Not due to shifts in vehicle purchase timing
❌ Not due to used vehicle purchases
❌ Not driven by behavioral biases
❌Not driven by marketing strategies appealing to eco-conscious consumers
❌ Not due to shifts in vehicle purchase timing
❌ Not due to used vehicle purchases
❌ Not driven by behavioral biases
❌Not driven by marketing strategies appealing to eco-conscious consumers
(a) Stronger effect in cities with higher competition
(b) No effect in sectors not affected by ride-hailing (e.g. driving schools, rental cars)
(c) No effect on households
(d) Taxi drivers facing less competition were less likely to adopt EVs
(a) Stronger effect in cities with higher competition
(b) No effect in sectors not affected by ride-hailing (e.g. driving schools, rental cars)
(c) No effect on households
(d) Taxi drivers facing less competition were less likely to adopt EVs
We use data on all vehicle purchases by taxi drivers in Spain from Dec 2014 to Feb 2020
Main finding🚗
In metro areas where ride-hailing platforms entered, the average monthly purchase of green vehicles increased by ~30%!
(Madrid and BCN were EXCLUDED due to LEZ)
We use data on all vehicle purchases by taxi drivers in Spain from Dec 2014 to Feb 2020
Main finding🚗
In metro areas where ride-hailing platforms entered, the average monthly purchase of green vehicles increased by ~30%!
(Madrid and BCN were EXCLUDED due to LEZ)
...on taxi drivers' adoption of electric vehicles
Ideal context because
✅ Taxis hold local monopolies
✅ Transport is a major emissions source
✅ Gas tax promotes EV adoption
...on taxi drivers' adoption of electric vehicles
Ideal context because
✅ Taxis hold local monopolies
✅ Transport is a major emissions source
✅ Gas tax promotes EV adoption
Can market competition accelerate the adoption of cleaner technologies among suppliers?
.... lack of incentives to adopt green tech may reduce the effectiveness of environmental policies
Can market competition accelerate the adoption of cleaner technologies among suppliers?
.... lack of incentives to adopt green tech may reduce the effectiveness of environmental policies