Chapter
Comparing the Tax Credits with Other Recent Subsidy Programs in the Transportation Sector
Possible Approaches for Future Policies
ELECTRIC VEHICLES AND GOVERNMENT POLICIES THAT SUPPORT THEM
Federal Tax Credits Supporting the Sale of Electric Vehicles
Other Federal Incentives for the Sale or Production of Electric Vehicles and Related Technologies
How the Tax Credits for Electric Vehicles Compare with Other Incentives
USING FEDERAL TAX CREDITS TO PROMOTE SALES OF ELECTRIC VEHICLES
How the Tax Credits Affect the Relative Costs of Vehicle Ownership
The Basis for CBO’s Cost Comparisons
Key Assumptions Underlying CBO’s Analysis
Discount Rate for Future Savings
Effects of Differing Assumptions About Fuel Prices and Discount Rates
Discount Rate for Future Savings
USING FEDERAL TAX CREDITS FOR ELECTRIC VEHICLES TO ADDRESS ENERGY AND ENVIRONMENTAL GOALS
Direct Effects of the Tax Credits in the Short Run
Measuring Direct Cost-Effectiveness
The Cost to the Government of Direct Reductions in Gasoline Consumption
The Cost to the Government of Direct Reductions in Greenhouse Gas Emissions
Indirect Effects of the Tax Credits in the Short Run
Effects of the Tax Credits in the Long Run
Possibility 1: Electric Vehicles Fail to Achieve Significant Consumer Acceptance
Possibility 2: The Electric Vehicle Industry Becomes Self-Sustaining in the Near Future
Possibility 3: Incentives for Electric Vehicles Promote Sales Until the Industry Becomes Self-Sustaining
COMPARING THE TAX CREDITS WITH OTHER RECENT SUBSIDY PROGRAMS IN THE TRANSPORTATION SECTOR
POSSIBLE APPROACHES FOR FUTURE POLICIES
Changing the Size of the Electric Vehicle Tax Credits
Changing the Number of Electric Vehicle Tax Credits Available
Equalizing Purchase Incentives for All Buyers of Electric Vehicles
Other Policies to Reduce Gasoline Use or Greenhouse Gas Emissions
Policies That Reduce Greenhouse Gas Emissions in Multiple Sectors
APPENDIX: DETAILS OF THE TECHNICAL ASSUMPTIONS OF CBO’S ANALYSIS
Prices for Electric Vehicles
Other Technical Assumptions
How Tax Credits Affect Sales of Electric Vehicles and Overall Fuel Economy
Chapter 2:
U.S. RENEWABLE ELECTRICITY: HOW DOES THE PRODUCTION TAX CREDIT (PTC) IMPACT WIND MARKETS?
IMPACT OF CURRENT PTC EXPIRATION
POTENTIAL IMPACT OF EXTENDING THE PTC
Wind Turbine Manufacturing
Short-Term versus Long-Term PTC Extension
OTHER FACTORS THAT AFFECT U.S. WIND DEVELOPMENT
State Renewable Portfolio Standards
U.S. Electricity Demand Growth
Example 1: Markets Coordinated by a Regional Transmission Organization
Example 2: California RPS Cost Containment Approach