TY - GEN
T1 - Design of a taxation system to promote electric vehicles in Singapore
AU - Chua, Seng Tat
AU - Nakano, Masaru
PY - 2013
Y1 - 2013
N2 - 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%.
AB - 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%.
KW - Electric vehicles
KW - Socio-technical approach
KW - Sustainable manufacturing
KW - Taxation
UR - http://www.scopus.com/inward/record.url?scp=84896073735&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84896073735&partnerID=8YFLogxK
U2 - 10.1007/978-3-642-40352-1_45
DO - 10.1007/978-3-642-40352-1_45
M3 - Conference contribution
AN - SCOPUS:84896073735
SN - 9783642403514
T3 - IFIP Advances in Information and Communication Technology
SP - 359
EP - 367
BT - Advances in Production Management Systems
PB - Springer New York LLC
T2 - IFIP WG 5.7 International Conference on Advances in Production Management Systems, APMS 2012
Y2 - 24 September 2012 through 26 September 2012
ER -