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An ethical assessment of low carbon vehicles using cost benefit analysis

Thomopoulos, N. and Harrison, G. (2016) An ethical assessment of low carbon vehicles using cost benefit analysis International Journal of Automotive Technology and Management, 16 (3). pp. 227-247.

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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
Divisions : Faculty of Arts and Social Sciences > School of Hospitality and Tourism Management
Authors :
NameEmailORCID
Thomopoulos, N.n.thomopoulos@surrey.ac.uk
Harrison, G.
Date : 2 December 2016
DOI : 10.1504/IJATM.2016.080788
Uncontrolled Keywords : Low carbon vehicles; LCVs; Cost benefit analysis; CBA; California; USA; United States; Ethics; Ethical assessment; Automotive manufacturing; Regulation; Subsidies; Manufacturer penalties
Depositing User : Clive Harris
Date Deposited : 04 Nov 2019 14:37
Last Modified : 04 Nov 2019 14:37
URI: http://epubs.surrey.ac.uk/id/eprint/852999

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