In a survey published by Scioto Analysis this morning, economists in Ohio were split on questions of progressivity of electric vehicles and cost-effectiveness of electric vehicle investments.
Nine of nineteen economists agreed with the statement that the current $200 annual fee for registering electric vehicles in Ohio is progressive. Among those who agreed, some said this was because higher-income people tend to purchase electric vehicles. Among the 11 economists who were uncertain or who disagreed, one said the fee is currently progressive but will become more regressive as more low-income people purchase electric vehicles and another pointed to the regressivity of flat fees.
Ten of nineteen economists agreed public expenditure on infrastructure to support electric vehicles is likely to be more cost-effective than providing equivalent amounts as tax credits/purchase rebates for buyers. Some who agreed commented that “range anxiety” is likely holding back electric vehicle purchases and that infrastructure will help grow the industry. Those who were uncertain wanted more data on the current state of electric vehicles and clarity on the specifics of policy implementation.
The Ohio Economic Experts Panel is a panel of over 40 Ohio Economists from over 30 Ohio higher educational institutions conducted by Scioto Analysis. The goal of the Ohio Economic Experts Panel is to promote better policy outcomes by providing policymakers, policy influencers, and the public with the informed opinions of Ohio’s leading economists.