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An ethical assessment of low carbon vehicles using cost benefit analysis

An ethical assessment of low carbon vehicles using cost benefit analysis

Thomopoulos, Nikolas and Harrison, Gillian (2016) An ethical assessment of low carbon vehicles using cost benefit analysis. International Journal of Automotive Technology and Management, 16 (3). pp. 227-247. ISSN 1470-9511 (Print), 1741-5012 (Online) (doi:https://doi.org/10.1504/IJATM.2016.080788)

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Abstract

Global concerns about climate change, as confirmed at COP21, have led to lower carbon emissions environmental policies, particularly in the road transport sector. Through an empirical analysis of low carbon vehicle (LCV) policies in California, this paper contrasts the findings from diverse distribution theories between income quintiles - used as a proxy for societal groups - to address vertical equity concerns and offer an overview of impact distribution to policy makers. Thus, it contributes in operationalising ethical theories within transport cost benefit analysis and revisiting impact distribution when promoting low carbon vehicles. Findings indicate that manufacturer penalties are the most effective policy measure to avoid cost transfer between stakeholders. Yet, the analysis shows that those purchasing small LCVs may face disproportional vehicle purchase cost increases which needs to be considered by policy makers. Thus, this paper makes a methodological contribution regarding CBA in practice as well as providing policy relevant recommendations.

Item Type: Article
Uncontrolled Keywords: Low carbon vehicles; LCVs; EVs; Electric vehicles; Cost benefit analysis; CBA, California; USA; United States; Ethics; Ethical assessment automotive manufacturing; Regulation; Subsidies; Manufacturer penalties
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
T Technology > TL Motor vehicles. Aeronautics. Astronautics
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of Systems Management & Strategy
Last Modified: 21 Mar 2018 15:46
Selected for GREAT 2016: GREAT a
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/16204

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