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Open AccessArticle

Carbon Taxes and the Composition of New Passenger Car Sales in Europe

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School of Public and International Affairs, ADA University, 61 Ahmadbay Agha-Oglu Street, Baku 1008, Azerbaijan
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Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlín, Czech Republic
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Argyros School of Business and Economics, Chapman University, One University Drive, Orange, CA 9166, USA
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Author to whom correspondence should be addressed.
Energies 2020, 13(18), 4631; https://doi.org/10.3390/en13184631
Received: 5 August 2020 / Revised: 1 September 2020 / Accepted: 4 September 2020 / Published: 6 September 2020
This paper examines the effectiveness of implementing carbon taxes to reduce carbon dioxide emissions from transport. Using the system Generalized Method of Moments estimator, we utilize cross-country analysis for the first time to study the impact of carbon taxes on the composition of petrol versus diesel passenger cars sold in 17 countries over the period 2013–2017. The results suggest that increasing carbon taxes affects consumer behavior, causing a significant shift from petrol to diesel fuel vehicles, controlling for factors such as the price of passenger cars, fuel price, interest rates, income level, population density, inflation, and vehicle stock. View Full-Text
Keywords: new passenger car sales; carbon tax; climate policy; automobile industry; socioeconomic factors; GMM new passenger car sales; carbon tax; climate policy; automobile industry; socioeconomic factors; GMM
MDPI and ACS Style

Nadirov, O.; Vychytilová, J.; Dehning, B. Carbon Taxes and the Composition of New Passenger Car Sales in Europe. Energies 2020, 13, 4631.

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