Carbon Taxes and the Composition of New Passenger Car Sales in Europe
This paper examines the effectiveness of implementing carbon taxes to reduce carbon dioxide emissions from transport. Using the system Generalized Method of Moments estimator, we utilize cross-country analysis for the first time to study the impact of carbon taxes on the composition of petrol versus...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-09-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/13/18/4631 |
| _version_ | 1797554439289044992 |
|---|---|
| author | Orkhan Nadirov Jana Vychytilová Bruce Dehning |
| author_facet | Orkhan Nadirov Jana Vychytilová Bruce Dehning |
| author_sort | Orkhan Nadirov |
| collection | DOAJ |
| description | This paper examines the effectiveness of implementing carbon taxes to reduce carbon dioxide emissions from transport. Using the system Generalized Method of Moments estimator, we utilize cross-country analysis for the first time to study the impact of carbon taxes on the composition of petrol versus diesel passenger cars sold in 17 countries over the period 2013–2017. The results suggest that increasing carbon taxes affects consumer behavior, causing a significant shift from petrol to diesel fuel vehicles, controlling for factors such as the price of passenger cars, fuel price, interest rates, income level, population density, inflation, and vehicle stock. |
| first_indexed | 2024-03-10T16:32:06Z |
| format | Article |
| id | doaj.art-a8126f00230443b1bba1f101f49e4e4e |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T16:32:06Z |
| publishDate | 2020-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-a8126f00230443b1bba1f101f49e4e4e2023-11-20T12:45:43ZengMDPI AGEnergies1996-10732020-09-011318463110.3390/en13184631Carbon Taxes and the Composition of New Passenger Car Sales in EuropeOrkhan Nadirov0Jana Vychytilová1Bruce Dehning2School of Public and International Affairs, ADA University, 61 Ahmadbay Agha-Oglu Street, Baku 1008, AzerbaijanFaculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlín, Czech RepublicFaculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlín, Czech RepublicThis paper examines the effectiveness of implementing carbon taxes to reduce carbon dioxide emissions from transport. Using the system Generalized Method of Moments estimator, we utilize cross-country analysis for the first time to study the impact of carbon taxes on the composition of petrol versus diesel passenger cars sold in 17 countries over the period 2013–2017. The results suggest that increasing carbon taxes affects consumer behavior, causing a significant shift from petrol to diesel fuel vehicles, controlling for factors such as the price of passenger cars, fuel price, interest rates, income level, population density, inflation, and vehicle stock.https://www.mdpi.com/1996-1073/13/18/4631new passenger car salescarbon taxclimate policyautomobile industrysocioeconomic factorsGMM |
| spellingShingle | Orkhan Nadirov Jana Vychytilová Bruce Dehning Carbon Taxes and the Composition of New Passenger Car Sales in Europe Energies new passenger car sales carbon tax climate policy automobile industry socioeconomic factors GMM |
| title | Carbon Taxes and the Composition of New Passenger Car Sales in Europe |
| title_full | Carbon Taxes and the Composition of New Passenger Car Sales in Europe |
| title_fullStr | Carbon Taxes and the Composition of New Passenger Car Sales in Europe |
| title_full_unstemmed | Carbon Taxes and the Composition of New Passenger Car Sales in Europe |
| title_short | Carbon Taxes and the Composition of New Passenger Car Sales in Europe |
| title_sort | carbon taxes and the composition of new passenger car sales in europe |
| topic | new passenger car sales carbon tax climate policy automobile industry socioeconomic factors GMM |
| url | https://www.mdpi.com/1996-1073/13/18/4631 |
| work_keys_str_mv | AT orkhannadirov carbontaxesandthecompositionofnewpassengercarsalesineurope AT janavychytilova carbontaxesandthecompositionofnewpassengercarsalesineurope AT brucedehning carbontaxesandthecompositionofnewpassengercarsalesineurope |