Energy Economics and Finance Seminar
Speaker
Location
Kleinman Center Classroom
Fisher Fine Arts Building, Room 306
Getting Here
Event Summary
The seminar series in Energy Economics & Finance (EEF) is jointly organized by Wharton’s Business Economics and Public Policy Department, the Kleinman Center for Energy Policy, and Wharton’s Business, Climate and Environment Lab. The scope of the seminar includes regulation and policy papers. The scope of the seminar also includes environmental and transportation issues, as long as there is a connection with energy. Sessions are biweekly on Mondays from 3:30 p.m. – 4:30 p.m.
Snacks, beer, and wine will be served after the seminar!
For Fall 2022, the seminar will be held in-person in the Kleinman Center Classroom (Fisher Fine Arts Building Room 306). We have a strong preference for in-person seminar attendance***, but if you are unable to make a certain session or are not based on Penn’s campus, please reach out to Dhivya Kaushik (email below) to get access to the Zoom link.
Find and add a Google Calendar version of the schedule on the BEPP seminar page.
To sign up for the seminar, please send your name, email, and affiliation to Dhivya Kaushik: dhivya@wharton.upenn.edu
Title: The Electric Vehicle Rebound Effect
Abstract: This paper investigates the existence of a rebound effect in annual miles driven for electric vehicle (EV) owners. EVs lower the cost-per-mile for automobile operation and could cause owners to increase their annual mileage to levels that negate any cost savings or emissions reductions goals that motivated the initial purchase. However, for households that own multiple vehicles, an EV may displace vehicle miles traveled from the gasoline-fueled vehicles, thereby helping to reduce even further the environmental impact of driving. Utilizing vehicle-level panel registration and inspection data in Massachusetts, we estimate whether there exists a rebound effect and estimate the total change in household level driving patterns after the introduction of an EV into the household. We allow this effect to vary depending on whether the EV replaces another vehicle or is added to the household’s fleet of vehicles. We find that EV owners drive similar amounts as gasoline vehicle owners, particularly for Tesla and other long-range EV owning households. Preliminary results suggest minimal rebound from purchasing an EV, though there is clear within-household switching from gasoline to electric vehicles when gasoline prices increase.
Beia Spiller
Fall 2022 Seminar Schedule
- 9/22: Edson Severnini, Carnegie Mellon University
- 10/17: Sarah Armitage, Environmental Defense Fund
- 11/14: Beia Spiller, Resources for the Future
- 11/28: Jackson Dorsey, Indiana University
- 12/5: Meredith Fowlie, UC Berkeley