Study reveals that green incentives could actually be increasing #CO2 emissions
Recently published in Canadian Public Policy, Irvine’s study compared the incentives for producing EVs [electric vehicles] that are found in the Corporate Average Fuel Economy (CAFE) standards, North America’s fuel-efficiency regulations, with new EV subsidy policies in Ontario, Quebec and British Columbia.
He found that, while the subsidies encourage the production of more EVs, they undermine the efficiency requirements of existing incentives for conventional vehicles. This results in a zero or negative near-term GHG benefit.
“Sometimes you have more than one policy aimed at a particular goal, and usually those policies are complementary,” Irvine notes. “But in this case, they work at cross purposes.”