Modeling the impacts of California electric vehicle policies with emphasis on the used vehicle market

There are now a wide variety of California and U.S. policies designed to support the goal of decarbonizing light-duty vehicles. Existing models of the California vehicle market are not capable of analyzing the impact of all these policies. A key shortcoming is the lack of accurate modeling of the used vehicle market. Low-income households primarily purchase used vehicles, but the supply of used vehicles is largely determined by the decisions of new vehicle owners (primarily high-income households). The price of used vehicles is determined by the interaction between supply and demand. The research team will build a new model of the California personal vehicle market that accurately models the interactions between the new and used vehicle markets. The team will use this model to evaluate a wide range of current and proposed policies designed to increase the penetration of electric vehicles. This model will allow California policymakers to craft policies that reach decarbonization goals at lowest cost while alleviating (or at least not worsening) existing transportation inequities.

• Record URL:
  https://metrans.org/research/modeling-the-impacts-of-california-electric-vehicle-policies-with-emphasis-on-the-used-vehicle-market

Language

• English

Project

• Status: Programmed
• Funding: $99999
• Contract Numbers:

  69A3552348309

  65A0674

• Sponsor Organizations:

  Office of the Assistant Secretary for Research and Technology

  University Transportation Centers Program
  Department of Transportation
  Washington, DC  United States  20590
• Managing Organizations:

  METRANS Transportation Consortium

  University of Southern California
  Los Angeles, CA  United States 
• Project Managers:

  Hong, Jennifer

  Bruner, Britain

• Principal Investigators:

  Brownstone, David

• Start Date: 20250101
• Expected Completion Date: 20260630
• Actual Completion Date: 0
• USDOT Program: University Transportation Centers

Subject/Index Terms

• TRT Terms: Automobile ownership; Electric vehicles; Market assessment; Market penetration; Policy; Used vehicle industry
• Geographic Terms: California
• Subject Areas: Energy; Highways; Policy; Vehicles and Equipment;

Filing Info

• Accession Number: 01928605
• Record Type: Research project
• Source Agency: Pacific Southwest Region University Transportation Center
• Contract Numbers: 69A3552348309, 65A0674
• Files: UTC, RIP
• Created Date: Aug 24 2024 10:46AM