Fuel taxes versus car taxes to reduce fuel consumption
▻http://www.voxeu.org/article/fuel-taxes-versus-car-taxes-reduce-fuel-consumption
#environment #car #voiture #fiscality #fiscalité #transportation
“Consumers moderately undervalue future fuel costs. This investment inefficiency is too small to justify upfront car taxes to promote fuel efficient cars. A car tax results in a more fuel efficient vehicle fleet than a fuel tax, but fails to induce high-mileage consumers to substitute to more fuel efficient cars. Once we take this targeting effect into account, fuel taxes turn out to be more effective”