![]() In addition, I find the tax swap benefits rural drivers and has no appreciable differential impacts on Black and Hispanic households. Federal policy will likely play a role in influencing the future distribution of EV ownership. This is a 3 decrease compared to the previous year. How the progressivity of a tax swap changes as fuel economy standards are raised and EV market penetration increases depends on who purchases EVs and more efficient vehicles. The average rent for a 1-bedroom apartment apartment in VMT Education Center, DC is currently 2,100. This is driven, in part, by the fact that higher income households are more likely to drive hybrid and electric vehicles and to own newer vehicles which, due to increasingly stringent fuel economy standards, tend to be more fuel efficient. Using data from the 2017 National Household Travel Survey (NHTS), I find that the income elasticity of fuel intensity is negative and that this revenue-neutral tax swap to be mildly progressive for all household incomes below $200,000. Where the pivot point occurs and how progressive a shift occurs is an empirical matter. ![]() Conversely, if it is positive, then the tax shift is regressive around the pivot point. If it is negative (higher-income households demand more fuel efficient cars), then the tax shift is progressive around the pivot point. Whether the tax shift is progressive (relative to the pivot point) or not depends on the sign of the income elasticity of demand for fuel intensity. This paper considers the distributional implications of a federal tax swap where a new vehicle miles travelled (VMT) tax is used to finance a reduction in the federal excise tax on gasoline. More stringent fuel economy standards and increased market penetration of electric vehicles (EVs) present challenges to federal policy makers who historically have relied on motor vehicle fuel excise taxes to fund highway projects. Transportation Economics in the 21st Century.Training Program in Aging and Health Economics.The Roybal Center for Behavior Change in Health.Retirement and Disability Research Center.Measuring the Clinical and Economic Outcomes Associated with Delivery Systems.Improving Health Outcomes for an Aging Population.Early Indicators of Later Work Levels, Disease and Death.Conference on Research in Income and Wealth. ![]() Boosting Grant Applications from Faculty at MSIs.Productivity, Innovation, and Entrepreneurship. ![]() International Finance and Macroeconomics. ![]()
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