Has Consumer Acceptance of Electric Vehicles Been Increasing? Evidence from Microdata on Every New Vehicle Sale in the United States
AEA Papers and Proceedings
vol. 113,
May 2023
(pp. 329-35)
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.Citation
Gillingham, Kenneth T., Arthur A. van Benthem, Stephanie Weber, Mohamed Ali Saafi, and 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, 113: 329-35. DOI: 10.1257/pandp.20231065Additional Materials
JEL Classification
- D12 Consumer Economics: Empirical Analysis
- H54 National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
- L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment