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What Does an Electric Vehicle Replace?

Using estimates from a consumer demand model of new vehicle choice, we find that electric vehicles replace fuel-efficient vehicles. This replacement lowers the emissions savings from electric vehicle adoption relative to setting where electric vehicles replace a gasoline vehicle with average fuel economy.

Working Paper (19-05) by Benjamin Leard, Shanjun Li, and Jianwei Xing — 1 minute read — Feb. 13, 2019