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How effective are subsidies for electric vehicles? An evaluation of Czech policy
Čekal, Jonáš ; Pleticha, Petr (advisor) ; Ščasný, Milan (referee)
This thesis deals with the effectiveness of Czech electromobility support. First programs to incentivize electric vehicle purchases were introduced by two Czech ministries in 2016 with grants available until the end of 2021. To estimate the effect of Czech incentives on electric vehicle sales, generalized difference-in- differences design is used. The estimation employs two-way fixed effects model with annual and monthly data spanning over 2015-2021. Estonia, Latvia, Lithuania and Poland were chosen to serve as a control group with electric vehicle market share and electric vehicle registrations as the dependent vari- ables. The results are ambiguous and do not suggest a clear link between the investigated variables and the subsidies. A more detailed dataset would be needed to conduct a definitive impact evaluation. JEL Classification O31, O38, R40, H25 Keywords Electromobility, Incentives, Subsidies, Rebates, Policy evaluation Title How effective are subsidies for electric vehicles? An evaluation of Czech policy
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The Impact of Incentives on Electric Vehicle Sales in the European Union
Tláskalová, Andrea ; Polák, Petr (advisor) ; Havránková, Zuzana (referee)
This thesis provides a comprehensive analysis of electric vehicle incentives and investigates their impact on the uptake of electric vehicles within and beyond the European Union over the period of 2010 to 2019. Depending on the kind of benefit they provide and their timing, the incentives are divided into one-time monetary, recurring monetary, and non-monetary incentives. To properly evaluate the effect of incentives, a fixed effects and difference-in-differences methods are employed, allowing us to control for unobserved factors affecting the electric vehicle market. A fixed effects analysis revealed a significant positive effect of one-time monetary incentives on battery electric vehicle sales, and a significant positive effect of both one-time and recurring monetary incentives on plug-in hybrid electric vehicle sales. Additionally, when considering the effect of individual incentives, the most important ones were found to be rebate and point-of-sale tax incentive. A difference-in-differences analysis confirmed a statistically significant effect of rebate on the sale of battery electric vehicles. JEL Classification C33, H71, L62, L98, O31, Q55 Keywords Electric vehicles, Incentives, Tax incentives, Rebates, Technology adoption Title The Impact of Incentives on Electric Vehicle Sales in the...
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