Characterizing Plug-in Hybrid Electric Vehicle Consumers Who Found the U.S. Federal Tax Credit Extremely Important in Enabling Their Purchase
June 17, 2020
This is one of the few studies that examines the impact of the US Federal Tax Credit (FTC) on the adoption of plug-in electric vehicles (EVs). To better understand the role of the FTC, this research analyses survey responses from 3,452 recipients of California’s state-wide EV rebate (CVRP) who purchase a plug-in hybrid EV (PHEV) from November 2016 to December 2018. Most respondents (54%) rate the FTC as extremely important to their decision. Using logistic regression, the authors then find that the top predictors of FTC Extremes are the financial savings of PHEVs and the availability of charging infrastructure. The importance of these factors paints a picture of this group as being motivated by tangible, direct benefits rather than environmental benefits.