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Simulation-based appraisal of tax-induced electro-mobility promotion in Iceland and prospects for energy-economic development

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dc.contributor Háskóli Íslands
dc.contributor University of Iceland
dc.contributor Háskólinn í Reykjavík
dc.contributor Reykjavik University
dc.contributor.author Shafiei, Ehsan
dc.contributor.author Davidsdottir, Brynhildur
dc.contributor.author Stefansson, Hlynur
dc.contributor.author Asgeirsson, Eyjolfur Ingi
dc.contributor.author Fazeli, Reza
dc.contributor.author Gestsson, Marías Halldór
dc.contributor.author Leaver, Jonathan
dc.date.accessioned 2021-01-27T10:35:23Z
dc.date.available 2021-01-27T10:35:23Z
dc.date.issued 2019-10
dc.identifier.citation Shafiei, E., Davidsdottir, B., Stefansson, H., Asgeirsson, E. I., Fazeli, R., Gestsson, M. H., & Leaver, J. (2019). Simulation-based appraisal of tax-induced electro-mobility promotion in Iceland and prospects for energy-economic development. Energy Policy, 133, 110894. doi:https://doi.org/10.1016/j.enpol.2019.110894
dc.identifier.issn 0301-4215
dc.identifier.uri https://hdl.handle.net/20.500.11815/2416
dc.description Post-print (lokagerð höfundar)
dc.description.abstract Transition to electric vehicles (EVs) requires multidimensional policy measures incorporating vehicle fleets, energy systems, consumer behaviours, and socio-economic developments. The main objective of this paper is to evaluate the implications of a tax-induced EV transition in Iceland for GHG mitigation, energy security, and economic benefits. The analytical tools include a techno-economic simulation model of the integrated energy-transport system which is linked to an Icelandic macroeconomic general equilibrium model. The impact of a new tax reform proposal by the government is compared with the current vehicle tax policy. The government proposal scenario is also examined under further inducements for EVs incorporating a value added tax exemption and banning the sale of new petroleum fuel vehicles. All scenarios are examined under a wide range of future changes in petroleum fuel prices and EV cost reduction. The results indicate that the overall macroeconomic benefits will be negligible, but they are expected to be positive in the long term as road electrification is deepened. The results show that although the tax-induced technological solution aimed at encouraging the adoption of EVs will enable a deep GHG emissions reduction in the long term, it will not be enough to meet the short-term climate targets.
dc.description.sponsorship The preparation of this paper has been supported by: i) Samorka, Iceland, ii) The Icelandic research council (RANNIS) through grant number 163464-051, iii) The national energy company (Landsvirkjun), Iceland, iv) Reykjavik Energy, v) Iceland's Ministry of Industry and Innovation, vi) Icelandic New Energy, and vii) Landsnet, Iceland.
dc.format.extent 110894
dc.language.iso en
dc.publisher Elsevier BV
dc.relation.ispartofseries Energy Policy;133
dc.rights info:eu-repo/semantics/embargoedAccess
dc.subject Electric vehicles
dc.subject Vehicle tax
dc.subject GHG emissions
dc.subject Climate target
dc.subject Economic benefit
dc.subject Simulation model
dc.subject Rafbílar
dc.subject Skattar
dc.subject Gróðurhúsalofttegundir
dc.subject Loftslagsbreytingar
dc.subject Efnahagsmál
dc.title Simulation-based appraisal of tax-induced electro-mobility promotion in Iceland and prospects for energy-economic development
dc.type info:eu-repo/semantics/article
dc.description.version Peer Reviewed
dc.identifier.journal Energy Policy
dc.identifier.doi 10.1016/j.enpol.2019.110894
dc.contributor.department Umhverfis- og auðlindafræði (HÍ)
dc.contributor.department Environment and Natural Resources (UI)
dc.contributor.department Hagfræðideild (HÍ)
dc.contributor.department Faculty of Economics (UI)
dc.contributor.department Verkfræðideild (HR)
dc.contributor.department Department of Engineering (RU)
dc.contributor.school Verkfræði- og náttúruvísindasvið (HÍ)
dc.contributor.school School of Engineering and Natural Sciences (UI)
dc.contributor.school Tæknisvið (HR)
dc.contributor.school School of Technology (RU)
dc.contributor.school Félagsvísindasvið (HÍ)
dc.contributor.school School of Social Sciences (UI)

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