{ "151851-21912270": { "datetime_modified":"20261019T093129", "datetime_start":"20261030T100000", "datetime_end":"20261030T112000", "has_end_time":1, "date_start":"2026-10-30", "date_end":"2026-10-30", "time_start":"10:00:00", "time_end":"11:20:00", "time_zone":"America\/Detroit", "event_title":"Designing Electric Vehicle Subsidies for Equity and Efficiency", "occurrence_title":"", "combined_title":"Designing Electric Vehicle Subsidies for Equity and Efficiency: Hyuk-soo Kwon, University of Chicago", "event_subtitle":"Hyuk-soo Kwon, University of Chicago", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "description":"Electric vehicle (EV) subsidies have been a central part of global clean energy policy but have raised concerns about regressivity. We evaluate equity-focused EV subsidy designs\u2014buyer income limits, price limits, and used EV subsidies\u2014as implemented in many countries, including through the U.S. Inflation Reduction Act (IRA). We show that in a simple theoretical model, resale price changes can make new and used EV subsidies economically equivalent. Using a novel bunching estimator exploiting the IRA used EV tax credit\u2019s transaction price limit, we estimate that the credit indeed raised EV resale prices\u2014but only after the credits could be paid immediately at the dealership. Using a detailed structural model of U.S. new and used vehicle markets, we show that new EV subsidies accelerate used EV scrappage instead of only diverting from gasoline vehicles, reducing environmental benefits. Partially for this reason, the modeled marginal value of public funds (MVPF) of the IRA EV tax credits is only 0.88. Income-limited new EV subsidies have relatively high welfare-weighted MVPF.", "occurrence_notes":null, "guid":"151851-21912270@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/151851", "building_id":"1005177", "building_name":"North Quad", "campus_maps_id":"553", "room":"4300", "location_name":"North Quad", "has_livestream":0, "cost":"", "tags":["Business","Economics","Energy","Environment","Industrial Organization","seminar"], "website":"http:\/\/www.lsa.umich.edu\/econ", "sponsors":[ { "group_name":"Applied Microeconomics\/Industrial Organization", "group_id":"3545", "website":"" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2026\/09\/event_151851_original-1.jpg", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_thumb\/media\/attachments\/2026\/09\/event_151851_original-1.jpg", "event_large":"https:\/\/events.umich.edu\/media\/cache\/event_large\/media\/attachments\/2026\/09\/event_151851_original-1.jpg", 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"event_type_id":"21", "description":"Utilities increasingly sell electricity using complex menus of time-constant and time-varying price schedules. We study how to design such a menu to maximize social welfare in a second-best environment where the marginal private and external costs of generating electricity vary over time, institutional constraints prevent mandating time-varying pricing, and consumer behavior is distorted by frictions. We develop a model of plan choice, consumption, and intertemporal substitution with time-varying marginal social costs, and estimate it using administrative data from a large utility. We provide evidence of substantial intertemporal substitution in response to time-varying price incentives, and selection across plans based on multidimensional heterogeneity. While the current menu's time-varying plans substantially shift consumption from high-price to low-price hours, we find that they reduce social welfare. This loss is mitigated by information frictions. We show how to redesign the menu to simultaneously improve outcomes for consumers, the utility, and the environment.", "occurrence_notes":null, "guid":"151853-21912272@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/151853", "building_id":"1005177", "building_name":"North Quad", "campus_maps_id":"553", "room":"4300", "location_name":"North Quad", "has_livestream":0, "cost":"", "tags":["Economics","Industrial Organization","seminar"], "website":"http:\/\/www.lsa.umich.edu\/econ", "sponsors":[ { "group_name":"Applied Microeconomics\/Industrial Organization", "group_id":"3545", "website":"" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2026\/10\/event_151853_original-2.png", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_thumb\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_large":"https:\/\/events.umich.edu\/media\/cache\/event_large\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_large_2x":"https:\/\/events.umich.edu\/media\/cache\/event_large_2x\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/event_large_lightbox\/media\/attachments\/2026\/10\/event_151853_original-2.png", "group_thumb":"https:\/\/events.umich.edu\/media\/cache\/group_thumb\/media\/attachments\/2026\/10\/event_151853_original-2.png", "group_thumb_square":"https:\/\/events.umich.edu\/media\/cache\/group_thumb_square\/media\/attachments\/2026\/10\/event_151853_original-2.png", "group_large":"https:\/\/events.umich.edu\/media\/cache\/group_large\/media\/attachments\/2026\/10\/event_151853_original-2.png", "group_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/group_large_lightbox\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_large_crop":"https:\/\/events.umich.edu\/media\/cache\/event_large_crop\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_list":"https:\/\/events.umich.edu\/media\/cache\/event_list\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_list_2x":"https:\/\/events.umich.edu\/media\/cache\/event_list_2x\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_grid":"https:\/\/events.umich.edu\/media\/cache\/event_grid\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_grid_2x":"https:\/\/events.umich.edu\/media\/cache\/event_grid_2x\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_feature_large":"https:\/\/events.umich.edu\/media\/cache\/event_feature_large\/media\/attachments\/2026\/10\/event_151853_original-2.png", "event_feature_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_feature_thumb\/media\/attachments\/2026\/10\/event_151853_original-2.png" }, "occurrence_count":1, "first_occurrence":21912272 } }