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Final Step to Green En Masse Financially.

Authors :
Qian Mao
Ng, Chee K.
Source :
Journal of Applied Business & Economics; 2024, Vol. 26 Issue 2, p42-58, 17p
Publication Year :
2024

Abstract

We make seven direct intra-brand comparisons between legacy carmakers' electric vehicle (EV) and gaspowered vehicle who achieved top ten most-efficient electric vehicles in America. We find six out of the seven EVs will be able to breakeven the higher price relative to their gas counterparts within reasonable gas price range, electricity charge range, and federal government tax credit for buying EVs. We further find that federal government tax credit is the most effective policy tool that will induce new car buyers to choose EVs over comparable same-brand gas vehicle though other green initiatives such as solar panels on owner's roof tops and below-market-interest-rate (BMIR) loans are effective as well. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
1499691X
Volume :
26
Issue :
2
Database :
Supplemental Index
Journal :
Journal of Applied Business & Economics
Publication Type :
Academic Journal
Accession number :
178454838
Full Text :
https://doi.org/10.33423/jabe.v26i2.6975