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subsidy for electric vehicles and the optimal ban on the production of gasoline vehicles both give about the same efficiency … electricity generation, the increasing substitutability of electric for gasoline vehicles, and the durability of the vehicle stock … improvement, but the latter leads to a sharp increase in gasoline vehicle production just before the ban. Phasing out gasoline …
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subsidy for electric vehicles and the optimal ban on the production of gasoline vehicles both give about the same efficiency … electricity generation, the increasing substitutability of electric for gasoline vehicles, and the durability of the vehicle stock … improvement, but the latter leads to a sharp increase in gasoline vehicle production just before the ban. Phasing out gasoline …
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