Design of a taxation system to promote electric vehicles in Singapore

Seng Tat Chua, Masaru Nakano

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

Electric vehicles offer a potential low-carbon alternative to today's gasoline-powered vehicles. In line with global trends, Singapore has expressed interest in promoting electric vehicles on its shores. This paper investigates the effects of taxation, namely tax rebates and carbon taxes, on the penetration of electric vehicles in Singapore. A consumer vehicular preference model was constructed using the logit model, and the effects on the economy determined through an input-output analysis. Multi-objective optimization is then used to find the optimal tax rate. Results indicate that a tax rebate minimizes the negative impact on the economy at a low penetration rate of electric vehicles, whereas a carbon tax minimizes the negative impact on GDP at a high penetration rate of above 60%.

Original languageEnglish
Pages (from-to)359-367
Number of pages9
JournalIFIP Advances in Information and Communication Technology
Volume397
Issue numberPART 1
DOIs
Publication statusPublished - 2013

Fingerprint

Electric vehicles
Taxation
Carbon
Multiobjective optimization
Gasoline
Singapore
Electric vehicle
Penetration
Tax
Carbon tax
Rebates

Keywords

  • Electric vehicles
  • Socio-technical approach
  • Sustainable manufacturing
  • Taxation

ASJC Scopus subject areas

  • Information Systems and Management

Cite this

Design of a taxation system to promote electric vehicles in Singapore. / Chua, Seng Tat; Nakano, Masaru.

In: IFIP Advances in Information and Communication Technology, Vol. 397, No. PART 1, 2013, p. 359-367.

Research output: Contribution to journalArticle

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