New research in #JAERE shows EV tax credits reduce emissionsπ± and raise welfareβ but not without costs. Using a monocentric city model, the authors show a $7,500 credit increases EV adoption from 22% β 49%, expanding city areaποΈ by ~7% and lengthening commutes.π
π #JaereFigureFriday
π #Econsky
about 1 month ago