Hybrid Vehicles and Policies to Reduce GHG Emissions: Virginia McConnell (Resources for the Future) and Tom Turrentine (Center for Transportation Studies, University of California-Davis)
Advanced vehicles provide a particular technological path to reducing oil use and CO2 emissions in the transportation sector. This technical report provides a detailed overview of the representation of hybrid, plug-in hybrid, and electric vehicles in the literature and in NEMS. It also assesses the impact on emissions and oil consumption, along with the cost-effectiveness, of several policies specifically targeted at encouraging the deployment of these vehicles. This report also discusses broader issues associated with these advanced vehicle technologies, such as consumer preference for these new vehicle types, reliability, and the potential safety issues of new battery chemistries. Specific policies examined include a range of hybrid and plug-in hybrid subsidies.